U.S. LUMBER to acquire NILCO
ATLANTA and HARTVILLE, Ohio — U.S. LUMBER and NILCO have signed an agreement under which U.S. LUMBER will acquire NILCO. 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 U.S., while NILCO, headquartered in Hartville, Ohio, is a two-step distributor of building and industrial products in the Midwestern and Northeastern U.S..
U.S. LUMBER President and CEO Jeff McLendon said, “We are thrilled to be adding NILCO to U.S. LUMBER. The NILCO team has built a fantastic business with a well-earned reputation for providing the highest level of service to both their customers and suppliers. The NILCO acquisition advances our growth strategy by expanding our geographic presence and product mix. We’re particularly pleased that combining these complementary businesses will enhance the value proposition we offer our trading partners.”
NILCO CEO Jim Smith added, “We are excited by what a combination with U.S. LUMBER offers to our suppliers, customers and employees. Our combined organization will have a unique breadth of products and capabilities that will distinguish us in our industry and enable us to serve more customers and accelerate our growth.”
Upon completion of the acquisition, NILCO will operate under its existing brand name as a division of U.S. LUMBER and will continue to be led by Jim Smith. Jeff McLendon will serve as President and CEO of the combined U.S. LUMBER.
Financial terms of the transaction were not disclosed.
Source: U.S. LUMBER