Building materials distributor Kodiak Building Partners acquired Boone, NC-based New River Building Supply & Lumber Company.

Terms of the transaction were not disclosed.

Founded in 1973, New River supplies building materials to contractors, professional builders and homeowners throughout North Carolina’s High Country. Operating in Boone and Banner Elk, the company provides a broad range of building materials, tools and features a specialized timber and log division to support custom home construction.

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Kodiak said the acquisition strengthens the company’s presence in the developing Southeast market.

“Kodiak and New River share a commitment to continuous improvement, striving each day to enhance our operations and strengthen support for our customers and communities,” Kodiak BP CEO Steve Swinney said in an April 14 news release. “Our opportunities for growth with New River and in the Southeast are not done. Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? This partnership is another step toward our goals — and fuels our commitment to be better tomorrow than we were today.”

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In recent news, Kodiak appointed Sandra Jacoby as Senior Vice President of Human Resources, announced on April 7.