Bradco Sale to ABC Supply Gets Finalized

ABC Supply wraps the deal to purchase Bradco according to a story in The Business Journal of Milwaukee.
Bradco had sales of 1.5 billion dollars in ’09 compared to ABC’s sales of 4 billion. Bradco was a bigger player in the roofing material supply arena than many realized. It will be interesting to see how this plays out. Did ABC purchase Bradco to eliminate the competition? Or do they plan to have a more concentrated presence in current markets?
I can’t imagine all the former Bradco locations will continue to produce at the current volume levels. Many markets have ABC and Bradco locations almost side-by-side so it wouldn’t make sense to keep both locations open.
ABC’s locations averaged a little over $8 million in sales at its 479 stores and Bradco was at a little over $11 million at its 129 locations.
No details about how much ABC paid for Bradco. This is the first big acquisition since the death of ABC’s founder. Hope it works out for them.