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US LBM Acquires Iowa Distributor

Latest addition for the actively acquisitive US LBM is the building products dealer and manufacturer Gilcrest/Jewett Lumber Co., which has five locations across Iowa.
US LBM acquires Gilcrest/Jewett

Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, on Monday said it has acquired Gilcrest/Jewett Lumber Co., a building products dealer and manufacturer with five locations in Iowa.

Gilcrest/Jewett serves the Des Moines, Iowa City and Cedar Rapids metropolitan areas. The company offers specialty building products — including windows, doors, cabinetry, countertops, flooring, roofing and siding — to professional builders and do-it-yourselfers.

The entire Gilcrest/Jewett leadership team will remain with the company, including Sumner Worth, who will serve as president and general manager, and Rick Thompson who will serve as senior vice president of sales.

“US LBM and Gilcrest/Jewett both share the values of putting people first, innovating through technology and delivering superior products and service,” Worth said. “US LBM counts some of the most well-known distributors in the industry among its divisions, and we’re excited for the new opportunities this partnership brings for both our employees and customers.”

“Gilcrest/Jewett boasts a strong team and is a name known for longevity, quality and innovation to not only customers in Iowa, but also across the building materials industry,” said L.T. Gibson, US LBM’s president and CEO. “Adding Gilcrest/Jewett grows our manufacturing capabilities in Iowa and expands our specialty building products distribution network into major metropolitan markets in Iowa.”

Anchor Peabody served as the exclusive adviser to Gilcrest/Jewett.

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