Posted May 11, 2010
ABC Supply to acquire Bradco Supply
Bradco Supply Corp. has signed a definitive agreement to be acquired by ABC Supply Co. Inc.
The transaction will create a national distributor of exterior building materials with 479 locations in 45 states and the District of Columbia and combined sales of over $4 billion.
The acquisition is expected to close by the end of June, after receiving regulatory approvals. Until the close of the transaction, Bradco branches will operate independently of ABC.
"This is an exciting time for all Bradco constituents: our customers, our vendors and especially our employees," said Larry Stoddard, Bradco CEO. "The combination with ABC will create an even stronger company with exciting growth prospects and a continued focus on customer service."
"The addition of Bradco is consistent with our mission to be the best distributor of exterior building products and one of the very best places to work in America," said David Luck, ABC Supply president and CEO. "We will welcome the addition of Bradco into the ABC family and look forward to the opportunities that this acquisition will create for our associates and the enhanced value it brings to our customers."
Headquartered in Avenel, N.J., Bradco Supply Corp. operates 129 branches in 30 states with sales of approximately $1.5 billion in 2009. Headquartered in Beloit, Wis., ABC Supply operates more than 350 branches in 45 states and the District of Columbia, and had sales of approximately $2.6 billion in 2009.
