Benzinga | Sep 2, 2021 07:05AM EDT

Builders FirstSource Reports Purchase Of California TrusFrame For $179.5M

Builders FirstSource, Inc. (NYSE:BLDR) ("Builders FirstSource" or the "Company"), today announced it has acquired California TrusFrame, LLC ("CTF"), the largest independent producer of value-added building products in California, for $179.5 million.

Established in 1982, CTF is a leading designer and manufacturer of prefabricated structural building components, including roof trusses, floor trusses and wall panels, supplying home builders, framers and general contractors across single-family and multi-family end markets throughout California. CTF is led by President and Chief Executive Officer Shawn Overholtzer, who will be joining Builders FirstSource along with the rest of its employees upon closing, and operates four strategically-located manufacturing facilities in Hughson, Sanger and Perris, California.

"We are pleased to strengthen our broad portfolio of industry-leading solutions and valued-added products with the acquisition of CTF," said Dave Flitman, President and CEO of Builders FirstSource. "CTF's uniquely positioned operations will allow us to expand our offerings and production capacity in the largest housing market in the country, delivering benefits to our new and existing customers. We are excited to welcome Shawn and the rest of the CTF team to Builders FirstSource and look forward to enhancing our established platform and resources to further grow our value-added capabilities in this important market."

CTF reported trailing twelve months sales of approximately $143 million as of July 31, 2021.