STOCK BUILDING SUPPLY SIGNS AGREEMENT TO PURCHASE ASSETS OF NATIONAL HOME CENTERS, INC.
National Home Centers filed a voluntary petition for federal bankruptcy reorganization on December 8, 2009 and will submit the asset purchase agreement to the U.S. Bankruptcy Court for the Western District of Arkansas for its approval. Stock intends to complete the transaction through a wholly-owned subsidiary no later than April 5, 2010.
Dwain Newman, Chairman and CEO of National Home Centers, stated: “We are excited about the offer received from Stock. It is a financially stable partner with a well-developed strategy and a demonstrated track record of improving its own operations despite tough market conditions.”
About Stock Building Supply
Raleigh, NC-based Stock Building Supply is a leading supplier of building materials to professional home builders and contractors in the United States. Stock operates out of 19 markets including Washington DC, Paradise PA, Richmond VA, Raleigh-Durham, Charlotte, Winston-Salem/Greensboro NC, Greenville SC, Columbia SC, Atlanta, Austin, Amarillo, Houston, Lubbock, San Antonio, Albuquerque, Salt Lake City, Southern UT, Northeast ID, and Los Angeles. For more information visit: www.stockbuildingsupply.com.
About The Gores Group, LLC
Founded in 1987, The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. The firm's current private equity fund has committed equity capital of $1.7 billion. Headquartered in Los Angeles, California, The Gores Group, LLC maintains offices in Boulder, Colorado and London. For more information, please visit www.gores.com
Press Contacts
For Stock Building Supply
Nadine Keutzer
(919) 431-1750
For The Gores Group, LLC
Frank Stefanik
(310) 209-3010
Terry Fahn
Sitrick And Company
(310) 788-2850


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