K-I Lumber & Building Materials Joins the US LBM Family
US LBM expands its presence in the Southern U.S. with a leading building products distributor in Kentucky and Southern Indiana
Louisville, Kentucky – US LBM Holdings, LLC (“US LBM”) announces the acquisition of K-I Lumber & Building Materials (“K-I Lumber”) of Louisville, KY from the Walter M. Freeman Trust and Chairman Sherry Freeman. Bob DeFerraro will continue to lead the company as President along with all members of the current management team.
Originally founded in 1932 by Walter Freeman, Sr., K-I Lumber began as a wholesale lumber operation linking mills to retail customers in the Louisville marketplace. Today, the company has grown to become a one-stop shop for building products providing a complete line that includes cabinetry, windows, doors, trusses, components, roofing, siding, and framing materials to the Kentucky and Indiana Market. K-I Lumber is headquartered in Louisville serving the market with two locations. The company also has full-service distribution centers in Lexington, KY; Clarksville, IN; and Evansville, IN; as well as a truss and wall panel manufacturing facility in Shelbyville, KY.
“We are excited and proud to join the US LBM team and the opportunity it brings to provide our customers with continued enhancements to our product and service offering,” said Bob DeFerraro. Chairman of K-I Lumber, Sherry Freeman, added, “My husband and I put our lives into this business caring deeply about the relationships with our associates, customers and supply partners. We are confident that US LBM will serve as a thoughtful steward leading K-I Lumber for many generations in the same way our family has for the last 82 years.”
“K-I Lumber is a great addition to the US LBM family, expanding our strong presence and capabilities in the Southern U.S.,” said L.T. Gibson, President & CEO of US LBM. “Having grown up in the Lexington community, I know K-I Lumber as having a dedicated and knowledgeable team of associates that succeed by providing a local feel and focus to their customers. We look forward to expanding upon their success.”
For more information on K-I Lumber, go to http://www/ki-lumber.com/
News release provided by US LBM Holdings