U.S. Lumber Group LLC, a wholly owned subsidiary of Specialty Building Products LLC, has agreed to acquire Mid-State Lumber Corp. Financial terms of the deal were not disclosed.
Specialty Building Products President and CEO Jeff McLendon said: “Mid-State Lumber is a terrific addition to U.S. Lumber. It is the leading specialty products distributor in its markets, with a loyal following of customers built over multiple generations of family ownership. The Bernstein family, and all of their employees, have built a fantastic business and we are thrilled that they will be joining the U.S. LUMBER family. Together we will continue to deliver reliable products and first-class service for customers and suppliers in their markets and across our entire footprint.”
Mid-State Lumber’s ownership group — including Ken Bernstein, David Bernstein and Gary Bernstein — added this comment: “Since our father Bernie Bernstein founded Mid-State Lumber in 1972, we have built a business based on family values and the simple desire to bring great products to great customers adding value through great service and relationships. This partnership provides an opportunity to build on Mid-State’s impressive legacy and provides a foundation for the long-term success of our employees, customers and vendors. We are excited and energized by the opportunity to work with U.S. LUMBER as they continue to grow and have an impact on the industry that has supported our family for so long.”
Mid-State Lumber will continue to operate under its existing brand and with its current leadership.