U.S. LUMBER Agrees to Acquire NILCO
Combined Company Will Have Broader Geographic Footprint and Expanded Product Mix
U.S. LUMBER GROUP, LLC and NILCO announced today that they 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 leading two step distributor of specialty building products in the Eastern United States, while NILCO, headquartered in Hartville, Ohio, is a two step distributor of building and industrial products in the Midwestern and Northeastern United States.
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.
About U.S. LUMBER
U.S. LUMBER, with over $550 million in revenue, was formed by the merger in 1998 of Atlantic Trading Company and Bestwood Forest Products. The Company has built a reputation of trust and responsiveness through its constant focus on delivering highly personalized service to each customer. The Company offers one of the largest and broadest inventories of specialty building products in the industry. The Company, headquartered in Atlanta, serves over 4,000 pro-dealer and retail customers in 23 U.S. states from distribution centers in Atlanta, Greenville, Raleigh, Nashville, Jacksonville, Central Florida, Mobile, Baltimore and Boston. More information can be found on the Company's website at www.uslumber.com
NILCO, based in Hartville, Ohio, was founded in 1909 as a supplier of wood based products to manufacturers in the Midwest. In the late 1990s NILCO added building materials product lines and became an important supplier to local lumber and building supply dealers serving the residential construction market. NILCO has a reputation for premier customer service that is rooted in a long standing philosophy to "Kill the Customer with Kindness." Today, NILCO serves more than 2,000 customers through 12 distribution centers in Indiana, Kentucky, Ohio, Pennsylvania, West Virginia and New York. More information is available on NILCO's website at www.nilco.net
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SOURCE: U.S. LUMBER GROUP, LLC