Jul 28
Texas Economy: McCoy’s Getting New Headquarters
McCoy’s Building Supply is building a brand new building for their headquarters and it is going to be huge. The new building will be three stories high, and encompass 73,400 square feet. About 30 percent of this area will be reserved for future growth. McCoy’s has enjoyed a growth in revenue in the approximately 30 years its headquarters has been located in San Marcos. Annual revenue has gone from $14 million to over $565 million in that time.
McCoy’s has 84 stores and 2 plants scattered over five states in the south central area of the country: Texas, New Mexico, Mississippi, Arkansas and Oklahoma. The family owned building supply company has been in business since 1923, when Frank McCoy began his contract roofing business in Houston. Soon after, he became tired of big city life and moved everything to Galveston. His son, Emmett, became interested in the business in the 1940s and began offering building materials to the public consumer. In 1984, the roofing company was discontinued and McCoy’s gave itself completely over to the building supply business.
Lumber plays a big role in most construction projects and McCoy’s prides itself on its support of environmentally friendly business practices. They have a list of preferred companies with whom they do business - companies committed to sustainable building and forestry practices. They also partner with recycling programs such as the Rechargeable Battery Recycling Corporation and offer a service for the proper disposal and recycling of cell phones and several types of rechargeable batteries such as nickel cadmium, nickel metal hydride, lithium ion and those lead rechargeable batteries used in portable electronics such as laptop computers and cordless telephones.
The new headquarter building is expected to be completed and occupied by January 2009.
