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Lumber Company Changing Hands

Tuesday, November 3, 2020 09:12 AM EDT Updated: Tuesday, November 3, 2020 01:24 PM EDT
By Reed Parker, Writer/Reporter
Lumber Company Changing Hands

Illinois-based specialty building materials company US LBM has acquired Zeeland Lumber & Supply, which has locations in Michigan and northern Indiana. Financial terms of the deal were not disclosed.

Zeeland operates three manufacturing plants where trusses and wall panel components are made, along with three building material yards that distribute lumber and specialty products, like windows, doors, roofing, cabinets and more. The deal calls for keeping the entire Zeeland executive team in place, including Mark Miller who will serve as president.

“We’re proud to be joining US LBM, an industry leader that shares our commitment to delivering innovation and building trust,” said Zeeland Lumber & Supply President Mark Miller. “Joining US LBM, with its national platform, expert team and relationships with the industry’s top suppliers, creates new and exciting opportunities for both our employees and customers.”

The acquisition now gives US LBM 16 locations in Michigan, including five component manufacturing plants, and four Indiana locations. 

 

Story Continues Below

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Strategic steps to take before you sell your company

Before initiating the sale process, it's crucial to evaluate the financial health of your business. Prospective buyers will closely examine financial statements, profit margins, cash flow, and growth potential. Engaging a professional accountant or financial advisor can provide valuable insights to ensure your financial records are accurate and well-organized....

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