Looks like the difficult economic times is hitting home again in the North West.
BMC West has filed for chapter 11 bankruptcy to restructure it's debt and try to survive this countries present recession. At least they've got some decent banks behind the restructure. Other than their original investors (private and public) it looks like Wells Fargo is going to throw some money behind the companies sagging finances to get them through the next few years. The 80 million dollar investment should go a long way to getting them through to the next decade.
Now some readers are going to remind me that BMC West is a "West Coast" company so I guess I should correct myself right away. They are west coast and the article I'm citing here actually speaks about their parent company, Building Materials Holding Corp...but I only know them as BMC West.
Here's the link: http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSBNG48356520090616
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