US LBM to Acquire Foxworth-Galbraith Lumber Company - Modern Distribution Management

Log In

US LBM to Acquire Foxworth-Galbraith Lumber Company

The Buffalo Grove, Illinois-based distributor will acquire the building products supplier serving Southwest customers.
Forklift loader load lumber into a dry kiln. Wood drying in containers.
Author
Date

Buffalo Grove, Illinois-based US LBM said July 8 it has reached a deal to acquire Foxworth-Galbraith Lumber Company, a Texas-based building products supplier to building professionals and homeowners in the Southwest U.S.

Financial details were not disclosed.

When the deal is finalized, US LBM will operate 80 locations in Texas, 13 in Arizona, nine in New Mexico, five in Colorado and four in Oklahoma.

“US LBM shares Foxworth-Galbraith’s principles of service, integrity and providing solutions for customers and a great place to work for our people,” said Foxworth-Galbraith President and CEO Jack Foxworth. “We’re excited for the many new opportunities this partnership will create for both our employees and customers.”

US LBM’s existing locations in the Southwest go to market under multiple locally recognized brand names, including R&K Building Supply, Higginbotham Brothers, Parker’s Building Supply and J.P. Hart Lumber and Components.

The transaction is expected to close later in the third quarter of 2022, subject to customary closing conditions.

“Over the past 120 years, the Foxworth and Galbraith families and generations of associates have built one of the most widely respected and successful building materials distributors in the industry, and we are proud that they will be joining US LBM,” said US LBM President and CEO L.T. Gibson. “The addition of Foxworth-Galbraith augments our already robust network in the Southwest, expands US LBM’s reach and reinforces our strong position in several key housing markets, including the growing Dallas-Fort Worth and Phoenix metro areas.”

 

 

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.