Cameron Ashley completes acquisition of branches in Arizona, Utah and Oregon.DALLAS--(BUSINESS WIRE)--Sept. 18, 1995--Cameron Ashley Inc. (Nasdaq:CMSH CMSH Center for Marital and Sexual Health ) announced today that it completed its acquisition of the Arizona, Utah and Oregon businesses of Star, Inc., a building products distributor. As previously announced, the acquired operations are United Wholesale Distributors, with branches in Phoenix and Mesa, Arizona Mesa is a city in Maricopa County, Arizona and part of the Phoenix-Mesa-Scottsdale Metropolitan Area. It is the third-largest city in Arizona, after Phoenix and Tucson. Mesa is one of the United States' fastest-growing cities, and currently ranks as the 38th-largest. ; P/K P/K Printer/Keyboard Supply Company, with locations in Salt Lake City, Provo and Ogden, Utah Ogden is the county seat of Weber County,GR6 Utah, United States. A 2006 estimate placed its population at 78,086. The city served as a major railway hub through much of its history, and still handles a great deal of freight rail traffic which makes it a ; and Westar Building Materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , with branches in Eugene and Portland, Oregon. The 1994 sales for these locations were $37 million. Terms of the transaction were not disclosed. The Company noted that it anticipates increased market share in Arizona and in Portland, Oregon resulting from the addition of these branches, as well as an enhanced residential roofing product mix in these markets. The branch additions in Utah provide the Company with its initial entry into rapidly growing markets. Ronald R. Ross, Chairman of Cameron Ashley, commented: "These branch additions increase our exposure in markets characterized by high job and personal income growth. Additionally, we have already completed the conversion of these branches onto the Company's management information system. The branches are now operational using Cameron Ashley's decision-making policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental , and we are concentrating on optimizing their performance. This is the first multi-branch acquisition under which the Company executed such a rapid conversion, and we are proud of the efforts of our operations personnel in this endeavor." Cameron Ashley Inc. is an emerging national distributor of a broad line of building products that are used principally in home improvement, remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling and repair work and in new residential construction. The Company distributes its products to independent building material dealers, professional builders, large contractors and mass merchandisers through a network of 90 branches located throughout the United States. Product lines include roofing, millwork, pool and patio enclosure materials, insulation, siding, steel products, industrial metals and a variety of other building materials. CONTACT: Morgen-Walke Associates June Filingeri, Robert Weiner (212) 850-5600 Ken Pieper (214) 663-9390 Media contact: Stan Froelich (212) 850-5600 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion