U.S. LUMBER to acquire Midwest Lumber
U.S. LUMBER has announced that it has signed an agreement to acquire Midwest Lumber. The combination will create a company with a broader geographic presence and an expanded product mix. U.S. LUMBER, based in Atlanta, is a two-step distributor of specialty building products in the Eastern and Midwestern U.S., while Midwest Lumber, headquartered in Stillwater, Minn., is a two-step distributor of specialty building products in the Upper Midwest.
U.S. LUMBER President and CEO Jeff McLendon said, “We are thrilled to be adding Midwest Lumber to the U.S. LUMBER family. The Charpentier family and the Midwest Lumber team have built a fantastic business with a well-earned reputation for providing the highest level of service to both their customers and suppliers. The Midwest Lumber acquisition advances our growth strategy by expanding our geographic presence and product mix, and adds a great group of new people to our team. We’re particularly pleased that combining these complementary businesses will enhance the value proposition we offer our trading partners.”
Midwest Lumber Vice President of Sales Dave Charpentier added, “We are extremely excited to be joining forces with U.S. LUMBER. Our teams share very similar cultures and core values based on honesty, integrity, and best-in-class service to our customers. Becoming a part of U.S. LUMBER will enhance our ability to provide growth opportunities for our employees, customers, and suppliers.”
Upon completion of the acquisition, Midwest Lumber will operate under its existing brand name as a division of U.S. LUMBER and will be led by current Vice President of Sales Dave Charpentier. Financial terms of the transaction were not disclosed. The companies expect to complete the transaction by early June, subject to customary closing conditions.