Stock Building Supply plans to eliminate 2,200 jobs as part of its
bankruptcy filing and also terminate leases at 210 locations.
Stock Building
Supplyplans to eliminate 2,200 jobs as part of its bankruptcy filing and also
terminate leases at 210 locations. The distributor filed for Ch. 11 bankruptcy protection earlier
this month.
Private equity firm Gores Holdings entered into a joint venture
with Wolseley to revive the building supply distributor. Even after the planned
job cuts, Stock Building remains the fifth-largest construction materials
supplier in the country.
Read moreherefromModern Distribution Management.
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