Builders FirstSource Acquires California Trusframe For $179.5M

Builders FirstSource, Inc 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.