CM Tucker Lumber Assets Acquired By Doman Building Materials
The base purchase price for the assets formerly owned by CM Tucker Lumber Companies, LLC was around $255 million in cash. This transaction is funded by the cash the company already had available and revolving credit facilities, which meant that Doman Building Materials Group gained Tucker Lumber on a debtless, cash-free basis.
Tucker Lumber was founded in 1920 and there are 425 employees across three locations and a total of 37 treating plants. Tucker Lumber is headquartered in Pageland, SC, which has a specialty sawmill, treating plants, dry kilns, remanufacturing operations and distribution facilities. Their other treating plants are found in facilities in Henderson, NC and Rock Hill, SC, which allow them to serve the Eastern United States markets. Tucker Lumber sells treated lumber and plywood, decking, deck posts, fence pickets, spindles, fence panels, step stringers, step treads, handrails, round fence posts, balusters and split rail fencing.
Amar Doman, chairman and CEO of Doman Building Materials, is excited about the acquisition and looks forward to working with some key personnel at Tucker Lumber. He predicted that Tucker Lumber will complement Doman’s existing operations and help them progress, hopefully into 10 states that the company wants to expand their footprint in. This transaction will expand the company’s reach coast-to-coast in 37 states, including Hawaii.
To learn more, see www.domanbm.com.
US LBM Gains Milton Truss
Milton Truss, located in Santa Rosa County, FL, is a manufacturer of floor and roof trusses for residential and commercial use.
L.T. Gibson, the CEO and president of US LBM, explained how the acquisition of the company will increase their network of truss manufacturing with locations in the Southeast, making them more valuable to builders in Florida’s Panhandle and Southern Alabama, both of which they have served for over 40 years.
Milton Truss will function as a part of Raymond Building Supply and with this acquisition, US LBM operates six component manufacturing locations in Florida.
To learn more, visit www.uslbm.com.
New Lumberyard Added By Allram Lumber
Allram Lumber Co, located in Prairie Farm, WI, has 3.6 acres in Rice Lake, WI on which to construct a full-service lumberyard. The North Industrial Park site was bought from the city of Rice Lake.
The company offers a full range of commercial and residential building materials and specializes in pole buildings.
Travis and Justina Allram’s purchase of the company five years ago kept the business in the family for the fourth generation and they are excited to keep serving the area and other regions. Before purchasing the company, Travis worked for the prior owners for 13 years. Allram Lumber has been in business since 1964.
Visit www.allramlumber.com.
Falls City Lumber Acquired By ECMD
As a full-service, specialty wholesale distributor of boards, fiber cement, pattern stock and PVC products, Falls City Lumber is headquartered in Louisville, KY with operations in Cincinnati, OH. They have been acquired by ECMD and reach retail lumber yards in Indiana and West Virginia.
Kelly Hendrix, the president and CEO of ECMD commented that strategy is necessary for significant growth to occur from acquisitions as businesses in the industry continue to consolidate. Hendrix then mentioned that the company’s ESOP structure permits ECMD to be in a position from which to add privately owned businesses into their profile. Furthermore, founders and business owners who want their legacies to be remembered and their employees honored, can grow for years to come. Hendrix continued to note how, at ECMD they build a top-notch employee experience in which employee owners are involved in the financial success by way of 100 percent stock ownership. Information on ECMD’s website states that they have over 1,000 employee owners.
ECMD, according to the website, upholds small-town values, honesty, humility, was born in 1982 and is headquartered in North Wilkesboro, NC. To provide a high-quality supply chain to remodelers, finish carpenters, builders, and other consumers on projects big and small, they, as found on their website, work with big-box retail and pro lumber yards across the nation.
Falls City Lumber, according to Hendrix, will keep their operations independent while upholding their local presence and their relationships with their customers.
For more information, visit www.ecmd.com.
Carter Lumber Opens New Lumberyard In South Carolina
The new location recently opened by the Kent, OH based Carter Lumber will operate as an extension of their Triad and Charlotte, NC markets. It will function under the same management team lead by Brandon Kujawski, market vice president.
Kujawski is pleased about the promise of the new location, noting that even though they have serviced Columbia, SC for many years through their Charlotte market, this new spot will let them offer the absolute package regarding services and products for their customers.
Carter Lumber has over 170 sites in 13 states and four divisions that are branded: Kight Home Center, Carter Lumber, Holmes Lumber Company and Kempsville Building Materials.
The Columbia, SC location opened by Carter Lumber will offer a full range of lumber, millwork, windows, engineered wood products, cement siding, structural hardware, interior and exterior doors and more. In addition, the company intends to offer solutions for floor and roof trusses, wall panels, engineered wood floor systems and cabinetry in their estimating and design departments. On-site management is included at the Columbia, SC location as well as turnkey installation services for windows, cabinets, doors, interior trim and more.
Go to www.carterlumber.com to find out more.
