Benzinga | Sep 2, 2021 02:26PM EDT

Builders FirstSource Acquires California Trusframe For $179.5M

* Builders FirstSource, Inc (NYSE:BLDR) has acquired California TrusFrame, LLC (CTF), an independent producer of value-added building products in California, for $179.5 million.

* CTF is a designer and manufacturer of prefabricated structural building components, including roof trusses, floor trusses, and wall panels.

* CTF's President and CEO Shawn Overholtzer will be joining Builders FirstSource along with the rest of its employees upon closing,

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

* Builders FirstSource held cash and cash equivalents of $90.27 million as of June 30, 2021.

* Price Action: BLDR shares are trading higher by 1.51% at $54.42 on the last check Thursday.