Raleigh-based Stock Building Supply has reached an agreement to purchase the assets of an Arkansas building supply company that filed for bankruptcy.
Stock itself went through a bankruptcy restructuring last year, a process that resulted in the company exiting a number of markets and shedding thousands of jobs.
Stock CEO Joe Appelmann said last month that the company would be on the prowl for acquisition targets. Stock is flush with cash thanks to a $75 million infusion from The Gores Group, the California private equity firm that owns a 51 percent stake in the company.
