r.k. Miles, Inc. to Expand to Northern Vermont with the Acquisition of Morrisville Lumber Company, Inc.
r.k. Miles, Inc., a third generation, family-owned business with locations in Vermont and Massachusetts, announced the company will be acquiring Morrisville Lumber, Inc. located in Morrisville and Stowe, Vermont.
Morrisville Lumber Company, a family owned business for 71 years, has a longstanding, proud tradition of providing quality service, hardware and building materials throughout Vermont from its Morrisville and Stowe locations.
“We think the best fit for a supplier in our market is r.k. Miles Inc.,” said Mark Loati, second-generation Owner and President of Morrisville Lumber. “We are looking forward to working with Joe and his crew through a successful transition.”
“This acquisition will help us serve our current, North-Central Vermont customer base with improved logistics and convenient pick-up locations. Morrisville and Stowe locations will also help take the pressure off long delivery routes from our Middlebury, VT location,” said Joe Miles, President of r.k. Miles, Inc.
“Thanks to our Outside Sales Reps, we have a growing contractor customer base in the Stowe area. The opportunity to purchase a company in that market will help us better serve those customers while expanding further into Lamoille County and beyond,” Miles added.
“We are looking forward to working with the Morrisville Lumber staff and General Managers, Kyle Bouchard and Mike Kuchta; as well as getting to know the local customers,” said Brenda Beanland, Vice President of Operations for r.k. Miles, Inc.
Preparation for the transition is currently underway and the sale will take place this fall.
About r.k. Miles, Inc.
r.k. Miles, Inc. is a third generation family business founded in Manchester, VT in 1940. The company supplies lumber, building materials and home goods to communities in Vermont and Western Massachusetts. In 2005 r.k. Miles, Inc. expanded their operations to Middlebury, VT and Williamstown, MA. In 2008, the company acquired the former Rugg Building Supply, West Street in West Hatfield, MA and with the acquisition of Morrisville Lumber this year, r.k. Miles, Inc. will be in a better position to serve the entire state of Vermont.
Source: r.k. Miles, Inc.