BMHC Acquires Topline Windows & Doors, Inc.
August 21 2006 - 5:15PM
PR Newswire (US)
Expands SelectBuild Capabilities in Arizona SAN FRANCISCO, Aug. 21
/PRNewswire/ -- Building Materials Holding Corporation
(NASDAQ:BMHC), a leading provider of construction services and
building materials to professional residential builders and
contractors, today announced that its wholly owned subsidiary,
SelectBuild Construction, Inc., has completed the acquisition of
the assets and operations of Topline Windows & Doors, Inc.
Topline supplies and installs windows and sliding doors for high
volume production homebuilders in the greater Phoenix, Arizona
market. For the twelve months ended June 30, 2006, Topline
generated revenue of approximately $19 million. Robert E. Mellor,
BMHC's Chairman, President and Chief Executive Officer, stated, "We
are pleased to have completed the Topline acquisition. There is
currently strong demand among SelectBuild's customers in Arizona to
include window supply and installation services with our framing
services, and this latest transaction enables us to take another
step forward in achieving our integrated construction service
strategy. By leveraging each other's customer base, we expect to
further increase our market share in the Phoenix area. Acquiring
businesses such as Topline, which broaden the types of construction
trades we offer, places SelectBuild in an advantageous competitive
position, particularly given today's changing homebuilding
environment. Topline's management team values the importance of
quality, efficiency and excellent customer service and we believe
they will be a strong addition to SelectBuild." About BMHC BMHC, a
Fortune 1000 company, is one of the largest providers of
residential construction services and building materials in the
United States. We serve the homebuilding industry through two
subsidiaries: SelectBuild provides construction services to
high-volume production homebuilders in key growth markets across
the country; BMC West distributes building materials and
manufactures building components for professional builders and
contractors in the western and southern states. BMHC was recently
named to the Forbes Platinum 400, also known as America's Best Big
Companies, and was selected Pro Dealer of the Year by Home Channel
News. To learn more about BMHC, visit our website at
http://www.bmhc.com/ . BUSINESS RISKS AND FORWARD-LOOKING
STATEMENTS There are a number of business risks and uncertainties
that affect our operations and therefore could cause future results
to differ from past performance or expected results. Additional
information regarding business risks and uncertainties is contained
in Item 1A of our most recent Form 10-K. These risks and
uncertainties may include, but are not limited to: -- demand for
single-family homes which is influenced by changes in the overall
condition of the U.S. economy, including interest rates, job
formation, consumer confidence and other important factors; -- our
business model; -- integration of acquired businesses may not
result in anticipated cost savings and revenue synergies being
fully realized or may take longer to realize than expected; -- our
ability to identify and acquire suitable acquisition candidates; --
availability of and our ability to attract, train and retain
qualified individuals; -- implementation of cost structures that
align with revenue growth; -- changes in the business models of our
customers; -- fluctuations in our costs and availability of
sourcing channels for commodity wood products, concrete, steel and
other building materials; -- intense competition; -- weather
conditions, including natural catastrophic events; -- construction
defect and product liability claims as well as other legal
proceedings; -- disruptions in our information systems; -- actual
and perceived vulnerabilities as a result of terrorist activities
and armed conflict; -- changes to various federal, state and other
regulations; and -- numerous other matters of a local and regional
scale, including those of a political, economic, business,
competitive or regulatory nature. Risks related to our shares
include, but are not limited to: -- share price fluctuations and --
potential share price limitations due to anti-takeover defenses in
our governing documents and certain provisions under Delaware law.
Certain statements made in this news release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical or current facts, including statements about our
expectations, anticipated financial results and future business
prospects are forward-looking statements. While these statements
represent our current judgment on what the future may hold and we
believe these judgments are reasonable, these statements involve
risks and uncertainties that could cause our actual results to
differ materially from those in forward-looking statements. These
factors include, but are not limited to the risks and uncertainties
cited in the above paragraph. Undue reliance should not be placed
on such forward-looking statements, as such statements speak only
as of the date of this news release. We undertake no obligation to
update forward-looking statements. DATASOURCE: Building Materials
Holding Corporation CONTACT: Bill Smartt, Senior Vice President and
Chief Financial Officer, +1-415-627-9100, or Mark Kailer, Vice
President, Treasurer and Investor Relations Officer,
+1-415-627-9100, both of Building Materials Holding Corporation Web
site: http://www.bmhc.com/
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