Alexander Lumber Acquires People’s Complete Building Center
Alexander Lumber has acquired the assets of Wateska, Ill. dealer People’s Complete Building Center. The deal was completed Oct. 1, according to the Iroquois County Times-Republic.
People’s Complete Building Center has been owned by the Martin family since 1902, serving the Wateska, Ill. area. The business will now operate under the Alexander Lumber company name.
Dan Martin, one of the fourth generation of the Martin family, said, “We are happy to see our employees and customers being able to continue on with a family owned and community oriented company like Alexander Lumber. While People’s has been in operation in Watseka for a long time, it is exciting to become a part of Illinois’ oldest retail lumber company.”
“The Watseka market was a natural addition to our stores servicing the nearby Gilman and Fairbury markets” said Russ Kathrein, president and CEO of Alexander Lumber. “We are pleased to welcome People’s Watseka into our family and we look forward to them being a part of the growth and expansion of our company.”
Just two weeks ago, Alexander Lumber named Rick Vancil to an executive vice president role.
Alexander Lumber was founded in 1891 and consists of 20 retail lumber locations, two component plants and one counter top manufacturing facility. It operates in Central and Western Illinois, Southern Wisconsin and the Chicago market.