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BuildDirect.com Technologies Inc ( (TSE:BILD) ) has issued an announcement.
BuildDirect.com Technologies Inc. has acquired the operational assets of Anchor Flooring and Supply Company LLC and Yorkshore Sales and Marketing Inc., both based in Orlando, Florida, for $593,000. This acquisition is a strategic move to expand BuildDirect’s Pro Center network across North America, particularly enhancing its presence in the southeastern U.S., a rapidly growing region for construction and remodeling. By integrating Anchor and Yorkshore’s assets, BuildDirect aims to strengthen its distribution capabilities, improve service levels, and increase market penetration, thereby reinforcing its commitment to serving the professional contractor market.
More about BuildDirect.com Technologies Inc
BuildDirect.com Technologies Inc. is an expanding omnichannel building materials retailer, specializing in Pro Centers, which are strategic distribution hubs designed to serve professional contractors and trades. The company is actively scaling its footprint through a combination of organic growth and strategic acquisitions, driving efficiency and market expansion.
YTD Price Performance: 98.28%
Average Trading Volume: 26,899
Technical Sentiment Signal: Sell
Current Market Cap: C$48.34M
For detailed information about BILD stock, go to TipRanks’ Stock Analysis page.