US LBM Buys Alco Doors
BALTIMORE — U.S. LBM Holdings, LLC has announced the acquisition of Baltimore-based American Lumber Corporation (ALCO Doors) from fourth generation owners Howard, Douglas and Jack Farbman. Howard Farbman will remain with the company as president.
Founded in 1904, ALCO Doors is one of the largest manufacturers of interior and exterior doors for commercial and residential use. ALCO Doors’ main facility is located in Baltimore and boasts a state-of-the-art door fabrication shop.
“We’re thrilled to join a recognized industry leader,” said ALCO Doors President Howard Farbman. “This partnership with U.S. LBM will allow us to provide more services to our existing customers and is a platform to reach new customers.”
“ALCO Doors has more than 100 years of experience in manufacturing doors and related products for both residential and large scale commercial customers,” said U.S. LBM President and CEO L.T. Gibson. “That experience, combined with their mix of product offerings and customer base, strongly complements our existing portfolio.”
The JIAN Group, LLC acted as the financial advisor to ALCO Doors.
Source: U.S. LBM