Silvaris Corporation Purchases the Specialty Building Products Division of Bridgewell Resources
The Daphne, Alabama-based Specialty Building Products Division of Bridgewell Resources LLC has been acquired by Seattle-based Silvaris Corporation, a North American building products distributor. The announcement was made by Silvaris CEO Kurt Bray in a welcoming statement to Bridgewell employees who will now be part of the Silvaris team. For Silvaris, the acquisition is a strategic move to strengthen their presence in the Southeastern United States.
According to Pat McCauley, CEO of Bridgewell Resources in Portland, the sale is a realignment of the company’s strategic vision. Bridgewell, which manages a diverse portfolio of businesses across a broad spectrum of products, is streamlining to place greater emphasis on the company’s core strengths. "We would like to thank the management and employees of our Specialty Building Products operations for their ongoing commitment to performance. We are pleased that our employees have the opportunity to continue to move forward as part of Silvaris."silvaris-purchases-bridgewells-sbp-division.pdf