BMC West To Close After Being Acquired By Builders FirstSource – 304 Layoffs

Perris, California – BMC West, a construction and supply company based in North Carolina, will close its Perris facility in February, resulting in the layoff of 304 employees.

The company, which was acquired by Builders FirstSource in January 2021, notified the state of the closure last month via a notice to the California Employment Development Department.

Chris Valle, director of human resources at BMC, said the layoffs will take place between Feb. 16 and March 2 in a statement to press. He also mentioned if an employee loses his or her job or is temporarily laid off, he or she may be eligible for unemployment benefits,.

Builders FirstSource representatives could not be reached for comment on why the Perris operation at 1800 Goetz Road will close or whether any of the employees will be transferred to other company locations.

The combination of the two companies resulted in a combined revenue of approximately $12.8 billion for the fiscal year ending December 31, 2020.

Former BMC CEO Dave Flitman was named CEO of Builders FirstSource. Chad Crow, who previously served as the company’s CEO, has since retired, though he remained on as a consultant during the transition.

Builders FirstSource expanded yet again last week with the acquisition of National Lumber, a New England-based building materials distributor.

National Lumber operates 19 facilities in Massachusetts, Connecticut, and Rhode Island, employing over 700 people.
In 2021, the company’s sales are expected to reach $440 million.

Builders FirstSource now operates in 42 states and has an estimated 580 locations as a result of the acquisition of National Lumber.

The company’s product line includes roof and floor trusses, wall panels, stairwells, vinyl windows, custom millwork, and pre-hung doors.

BMC shareholders received a fixed exchange ratio of 1.3125 shares of Builders FirstSource common stock for each share of BMC common stock held immediately prior to the merger’s effective date. Builders FirstSource shares issued prior to the merger remain outstanding and currently account for approximately 57% of the combined Company’s outstanding shares.

Builders FirstSource, Inc. will continue to operate under the name Builders FirstSource, Inc., and its shares will trade on the NASDAQ under the symbol “BLDR.”

As a result of the merger, BMC’s common stock has been delisted from the NASDAQ.