ABC Supply said in a press release that the transaction is subject to clearance under the Hart-Scott-Rodino Anititrust Improvements Act and is expected to close in the fourth quarter.
“This strategic acquisition reinforces our leadership position in the exterior products market and establishes a strong foundation for our next phase of growth” said Keith Rozolis, ABC Supply’s President and Chief Executive Officer.
With the Norandex acquisition, the combined company will operate over 600 locations in 49 states and the District of Columbia with combined annual sales of over $6 billion. This transaction is ABC’s largest acquisition since the purchase and successful integration of Bradco Supply in June 2010. Last month, ABC Supply acquired Oregon Roofers Supply.