Building-materials supplier to close in Franklin-WEB ONLY

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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 Franklin location, leaving 85 employees

The troubled supplier of
building materials said the store on North
Morton Street
should close July 12. The company
has 200 locations in 27 states, including three others in Indiana. Two are in Indianapolis
and one in Sellersburg, north of Louisville.

Stock Building Supply was formed in 1986 by London-based Wolseley
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

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.

Last month, Stock Building
Supply said 51 percent of the company had been acquired by an affiliate of The
Gores Group LLC, a private-equity firm in Los

As part of the deal, Stock
Building Supply entered Chapter 11 bankruptcy reorganization.

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