Home News Local News Texas company intends to buy locally owned building supply store

Texas company intends to buy locally owned building supply store

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The Builders Do-It Center in Roswell, owned by Roswell Lumber Co., is expected to be sold to a Texas-based company in a couple of months. (Lisa Dunlap Photo)

Copyright © 2021 Roswell Daily Record

A local building materials and home improvement supply store is expected to be purchased by a Texas company.

Company sources have confirmed that Foxworth-Galbraith Lumber Co. based in Plano, Texas, intends to buy the Roswell Builders Do-It Center.

Executives with both Foxworth-Galbraith and the Builders Do-It Center chose not to comment on the expected sale. However, it was confirmed that employees and major customers have been informed about the pending transaction.

A person with knowledge of the transaction also said that the agreement was expected to be completed by June 1 and that, if the sale goes through, the Roswell store at 200 S. Main St. would operate under the Foxworth-Galbraith brand and as a satellite of the Foxworth-Galbraith Home Improvement Center in Ruidoso. About 20 local employees are expected to be retained after the sale.

Industry publications and employees say that the Artesia Builders Do-It Center on West Main Street will close by May 31, but that information has not been confirmed by management.

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Foxworth-Galbraith Lumber Co. is based in Plano, Texas. The company, formed in 1901, has operations in Texas, Colorado, Arizona, Oklahoma and New Mexico, according to its website. Eight stores are in New Mexico, and the Ruidoso store has been open for more than 20 years, according to press reports.

ProSales, a lumber and construction industry publication, reported Foxworth-Galbraith’s gross sales at $319.2 million in 2016 and its total employee count at 950.

The Builders Do-It Centers are owned by Roswell Lumber Co. A 2012 Roswell Daily Record interview with company sales manager Justin Ellis indicated that Roswell Lumber was formed in 1902, starting as a lumber yard on the corner of Main and Alameda streets before developing into a supplier of lumber, home improvement items and building materials and supplies to individuals, contractors and construction companies.

Ellis also said that, in addition to the stores, Roswell Lumber Co. operates a couple of other divisions, including a wholesale and logistics unit.

There is no indication if any divisions except the stores are involved in the pending transaction.

Senior Writer Lisa Dunlap can be reached at 575-622-7710, ext. 310, or at reporter02@rdrnews.com.