Duluth, Georgia-based building materials distributor Specialty Building Products (SBP) announced Jan. 10 its acquisition of Amerhart, a building materials distributor with operations throughout the U.S. midwest. Financial details of the transaction were not disclosed.
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Founded in 1940, Amerhart has 10 locations across Wisconsin, Illinois, Kansas, Michigan, Minnesota and Missouri, including its headquarters in Green Bay, Wisconsin.
“Over multiple generations, Amerhart has provided their customers with the highest levels of service, enabling their growth to become a market-leader and one of North America’s finest specialty distribution businesses,” SBP president and CEO Jeff McLendon said. “There is tremendous alignment between our companies, starting with our shared values. We are delighted to add Amerhart to the SBP family of brands.”
Amerhart will join the SBP family of companies which includes U.S. Lumber, Alexandria Moulding, DW Distribution, Millwork Sales and Reeb.
“Amerhart maintains a strong market position and has a history of growth,” Amerhart CEO Mark Kasper said. “As part of SBP, we will gain access to new products and services, allowing us to provide our customers with a broader portfolio of materials, regardless of the location of their facility. We look forward to partnering with SBP and continuing to deliver quality products and services to our customers.”
The acquisition is expected to close in the first quarter of 2023, according to a news release. Following the completion of the acquisition, Amerhart will maintain its current brand name, geographic locations and employees, led by Kasper and president/COO Chad Warpinski, as part of SBP.
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