BMHC Launches SelectBuild Construction, Inc. as Successor to BMC Construction
21 6월 2006 - 9:30PM
PR Newswire (US)
Company Creates New Service Segment for Residential Construction
Industry Addresses Unique Needs of High-Volume Production
Homebuilders SAN FRANCISCO, PCBC booth #7315, June 21
/PRNewswire-FirstCall/ -- Building Materials Holding Corporation
(NASDAQ:BMHC), a leading provider of construction services and
building materials to professional residential builders and
contractors, today announced the launch of SelectBuild
Construction, Inc., as successor to BMC Construction. SelectBuild
combines the local expertise and successful track record of the
industry's leading contractors with the national strength and
vision of a multi-billion dollar company, to create a single
integrated construction services company focused on the unique
needs of high-volume production homebuilders. Beginning in 1999,
BMC Construction has carefully chosen the industry's leading trade
partners, serving clients in key markets in Arizona, California,
Delaware, Florida, Illinois, Maryland, Nevada and Virginia. Now,
the building blocks for this business are assembled, and the
company is ready to unite under one business model and become
SelectBuild. "We visualized a world-class residential construction
management company serving high-volume production homebuilders, and
over the last several years, beginning with our initial investment
in Knipp Brothers Industries, have carefully selected the
industry's best trade partners to realize that vision," said
SelectBuild President and CEO Michael Mahre. "Today, our family of
companies will formally come together as SelectBuild, one company
with one mission: to help our customers build the highest quality
homes using the most efficient process." The Homebuilder Challenge
and the SelectBuild Solution In today's industry environment,
high-volume production homebuilders are faced with many production
challenges, including managing dozens of trade partners and
thousands of material items while trying to minimize schedule
slippages, contain costs, limit waste, control quality and mitigate
product and labor risks. With professional project management,
trade integration and process innovation, SelectBuild is creating a
new service segment of the industry, providing: -- a convenient,
single point of contact for multiple trades and supply chain
activities -- efficient operations management -- best-in-class
quality control -- comprehensive risk management -- superior
customer service Delivering on this promise will result in improved
builder efficiency and increased product quality -- major elements
that affect every homebuilder's customer satisfaction ratings and
profit. SelectBuild's integrated services include:* -- project
estimating -- structural engineering -- materials procurement and
handling -- component manufacturing -- shell construction -- rough
framing assembly -- millwork installation -- lumber distribution --
plumbing installation -- windows installation -- HVAC installation
-- stucco, lath and plaster installation -- residential concrete
foundation systems * not all services are currently available in
all markets SelectBuild combines the jobsite experience of
companies trusted in the industry for years, including KBI
Construction, KBI Mechanical, KBI Stucco, KBI Norcal, Total
Concrete, WBC Construction, WBC Mid-Atlantic, RCI Construction,
Riggs Plumbing, A-1 Building Components, BBP Companies, Campbell
Companies, HnR Framing Systems, Home Building Components, TWF
Construction, MWB Building Contractors and Boulders West
Components. This powerful combination is creating an integrated
solution leading to higher-quality homes, more efficient
construction and reduced homebuilder risk. "To accomplish our
mission, SelectBuild's strategy is to continue to integrate
construction trades and supply chain activities, employ the most
innovative, passionate and highest-integrity people in the industry
and focus all of its resources on meeting the construction needs of
a single type of customer: high-volume production homebuilders,"
said Mahre. About SelectBuild SelectBuild, a wholly owned
subsidiary of Building Materials Holding Corporation, currently
serves 19 of the 25 largest homebuilders in the United States,
employs more than 19,000 people and is engaged in construction on
more than 70,000 residential units per year, currently generating
revenue on a current annualized run rate approaching $2 billion.
SelectBuild's mission is to construct the highest quality homes
using the most efficient process. By integrating select trades and
supply chain activities, builder efficiency and product quality are
optimized, and a new service segment of the industry is created.
SelectBuild's services are comprehensive, providing a single point
of contact for its homebuilder clients, while highlighting
operational efficiency, quality control, risk management and
superior customer service. To learn more about SelectBuild, visit
our website at http://www.selectbuild.com/. About BMHC BMHC, a
Fortune 1000 company, is one of the largest providers of
residential construction services and building materials in the
United States. We serve the homebuilding industry through two
subsidiaries: SelectBuild provides construction services to
high-volume production homebuilders in key growth markets across
the country; BMC West distributes building materials and
manufactures building components for professional builders and
contractors in the western and southern states. BMHC was recently
named to the Forbes Platinum 400, also known as America's Best Big
Companies, and was selected Pro Dealer of the Year by Home Channel
News. To learn more about BMHC, visit our website at
http://www.bmhc.com/. BUSINESS RISKS AND FORWARD-LOOKING STATEMENTS
There are a number of business risks and uncertainties that affect
our operations and therefore could cause future results to differ
from past performance or expected results. Additional information
regarding business risks and uncertainties is contained in Item 1A
of our most recent Form 10-K. These risks and uncertainties may
include, however are not limited to: -- demand for homebuilding
which is influenced by changes in the overall condition of the U.S.
economy, including interest rates, job formation, consumer
confidence and other important factors; -- numerous other matters
of a local and regional scale, including those of a political,
economic, business, competitive or regulatory nature; -- changes in
our business model; -- integration of acquired businesses may not
result in anticipated cost savings and revenue synergies being
fully realized or may take longer to realize than expected; -- our
ability to identify suitable acquisition candidates; --
availability of and our ability to attract, train and retain
qualified individuals; -- implementation of cost structures that
align with revenue growth; -- changes in the business models of our
customers; -- fluctuations in our costs and availability of
sourcing channels for commodity wood products, concrete, steel and
other building materials; -- intense competition; -- weather
conditions, including natural catastrophic events; -- construction
defect and product liability claims as well as other legal
proceedings; -- disruptions in our information systems; and --
actual and perceived vulnerabilities as a result of terrorist
activities and armed conflict. Risks related to our shares include,
however are not limited to: -- share price fluctuations; and --
potential share price limitations due to anti-takeover defenses in
our governing documents and certain provisions under Delaware law.
Certain statements made in this news release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical or current facts, including statements about our
expectations, anticipated financial results and future business
prospects are forward-looking statements. While these statements
represent our current judgment on what the future may hold and we
believe these judgments are reasonable, these statements involve
risks and uncertainties that could cause our actual results to
differ materially from those in forward-looking statements. These
factors include, however are not limited to the risks and
uncertainties cited in the above paragraph. Undue reliance should
not be placed on such forward-looking statements, as such
statements speak only as of the date of this news release. We
undertake no obligation to update forward-looking statements.
DATASOURCE: Building Materials Holding Corporation CONTACT: Mark
Kailer, Vice President, Treasurer and Investor Relations Officer,
of Building Materials Holding Corporation, +1-415-627-9100; or
Maureen O'Shay of Shennum Green, Inc., +1-925-461-6275, or mobile,
+1-850-321-6119, or , for Building Materials Holding Corporation
Web site: http://www.bmhc.com/ http://www.selectbuild.com/
Copyright
Building Materials (NASDAQ:BMHC)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Building Materials (NASDAQ:BMHC)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024