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Raleigh, N.C.-based Stock
Building Supply Holdings LLC notified the Indiana Department of Workforce
Development yesterday that it will close its
jobless.
building materials said the store on
Morton Street
has 200 locations in 27 states, including three others in
and one in Sellersburg, north of
PLC’s purchase of Carolina Builders. Revenue hit $5.3 billion in 2006 but slid
33 percent last year, as continuing declines in new-home construction battered
sales.
The company in October
announced a restructuring of the business that included the closing of 86
stores and a reduction of about 3,000 employees.
Supply said 51 percent of the company had been acquired by an affiliate of The
Gores Group LLC, a private-equity firm in
Angeles
Building Supply entered Chapter 11 bankruptcy reorganization.
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