BMC Stock acquires Shone Lumber

BMC Stock Holdings will acquire W.E. Shone Co. (Shone Lumber), a three-unit pro dealer in Delaware.

Shone Lumber operates three locations in Georgetown, Middletown, and Newark, Del., with a combined 110,000 square feet of manufacturing, showroom, and assembly space.  

In addition to servicing its home state, Shone delivers materials to New Jersey, northeast Maryland, and Philadelphia. The company had sales of $70 million in 2017, according to BMC.

“With an attractive customer profile, including strong relationships with custom homebuilders and professional remodelers, Shone Lumber is an excellent addition to our service capabilities in the Mid Atlantic region,” said Dave Keltner, interim president and CEO of BMC. 

The announcement was made in tandem with the cmpany's fourth quarter earnings report, which was highlighted by a double-digit sales increase. 

“Strategic tuck-in acquisitions, such as this one, are an important part of our strategy to improve our margin profile through the growth of our value-added offerings and the enhancement of our customer mix,” Keltner added. “We welcome Shone Lumber’s employees to the BMC family and look forward to continuing their reputation of providing outstanding service and quality products to its customers.”

Founded by Bill Shone in 1957, Shone Lumber is now led by Bill’s son, John Shone, who will remain with the business, BMC said.