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BMHC will close all of its operations located in Northern Nevada, including Reno and Sparks facilities. In Sherwood, Oregon the Company will consolidate its greater Portland market operations to its Vancouver, Washington facility, closing the Sherwood site. In Marysville, California BMHC will consolidate its lumber and building materials distribution and wall panel manufacturing operations into its existing Modesto, California facilities. Other operational consolidations will occur in Texas, Colorado and Arizona.
These closures and consolidations are expected to be substantially completed during the first quarter of 2009. Approximately 260 employees in total are expected to be affected by these actions.
"The unprecedented national economic and local market challenges require that we continue to realign costs with current market conditions," said Robert E. Mellor, Chairman and Chief Executive Officer. "With the exception of the Reno area, where we will be exiting the market, we will continue to serve our customers with our full range of products and services - including framing, lumber, millwork and trusses - through nearby facilities. These actions will enable us to significantly reduce our expenses, to share key personnel and to achieve higher utilization of our facilities and equipment."
"We thank all of our employees for their continued dedication and hard work," added Mr. Mellor.
About BMHC
BMHC is one of the largest providers of building materials and residential construction services in the United States. We serve the homebuilding industry through two recognized brands: as BMC West, we distribute building materials and manufacture building components for professional builders and contractors in the western and southern states; as SelectBuild, we provide construction services to high-volume production homebuilders in key markets across the country. To learn more about BMHC, visit our website at http://www.bmhc.com.
SOURCE Building Materials Holding Corporation
http://www.bmhc.com
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