Mergers and Acquisitions
PRICE GUIDE REVISIONS BEGIN April 3. More information is available at the Price Guide Revisions page
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Patrick Lumber acquires portion of Mary's River
Patrick Lumber Company has acquired a portion of Mary's River Lumber Company. The sale involves an eight-acre site in Philomath, Oregon that includes five dry kilns and a remanufacturing plant. McCool Millworks Inc,, based in Sweet Home, Oregon, will operate the facility, according to a Patrick Lumber Company press release. The plant will begin processing primarily high grade Douglas Fir and Hemlock lumber.
Roseburg sells Mississippi plant to Wilsonart
Roseburg Forest Products has announced the sale of its Oxford, Miss., plant to Wilsonart Engineered Surfaces. The transaction closed Feb. 7, 2017. Under Roseburg, the plant produced thermally fused melamine laminates for high-end office furniture. The plant closed in December 2015 after the loss of a key customer. “The decision to close the Oxford plant was a difficult one, so it’s great to see it come back to life as a result of this deal,” said Mark Avery, Roseburg’s vice president of Composites Business. “The plant’s reopening will be good for that community, and hopefully some of our former employees will find work with Wilsonart.” Roseburg originally purchased the plant from Georgia-Pacific in 2006.
IFP announces purchase of Cartulinas N.A.
Cartulinas CMPC S.A. (Cartulinas) and International Forest Products LLC (IFP) announce that IFP has been appointed the exclusive sales and logistics agent for Cartulinas CMPC paperboard products sold in the USA and Canada. As part of this agreement, Paul Blackman will be joining IFP as Vice President – Paperboard. For more, click here...
Homewood Holdings acquires Seattle-area pro dealer
Homewood Holdings LLC (“Homewood”), a portfolio company of the investment firm Building Industry Partners LLC (“BIP”), has acquired Evergreen Lumber Inc. (“Evergreen” or the “Company”). Evergreen was founded in 1939 and is an independent, two-location lumber & building materials pro dealer that serves local, regional and national homebuilders and contractors, as well as do-it-yourself (“DIY”) customers, throughout the greater Seattle and Puget Sound markets. The business is headquartered in Port Orchard, Wash., with a nearby door and trim facility. Evergreen employs 45 people and has a 77-year legacy of serving the Seattle and Puget Sound communities and building industry.
U.S. LBM acquires Ridout Companies
U.S. LBM Holdings, LLC has acquired Arkansas-based Ridout Companies from the Ridout family, with Ross Ridout remaining with the company and assuming the role of president. Ridout includes the Ridout Lumber Companies of Arkansas and Missouri, Ridout Door Manufacturing Company, and Arkansas Wholesale Lumber Company. For more, click here...
Northeast Window & Door Association agrees to merger
The Northeast Window & Door Association (NWDA) has agreed to merge operations with the Window & Door Manufacturers Association (WDMA), with the members of NWDA becoming members of the newly formed WDMA-Northeast. Under the new structure, WDMA-Northeast members will continue to receive the same benefits as they did with NWDA, including regular regional meetings, as well as certain services from WDMA, such as legislative, regulatory and code representation, issue briefs and alerts, access to technical experts, and participation in WDMA conferences. For more,
LBM Advantage, IBSA plan to merge
Lumber & Building Material buying cooperatives LBM Advantage and Independent Builders Supply Association (IBSA) today announced they have signed a Letter of Intent to merge. The companies enjoy strong dealer support throughout the East Coast, Midwest, and Southern markets. The Letter of Intent is non-binding and the merger requires approval by the shareholders of each cooperative as well as satisfactory completion of due diligence. For more, click here...
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