US LBM Expands Presence with Texas Tool Traders Acquisition
US LBM Acquires Texas Tool Traders
In a significant move to enhance its product offerings, US LBM, a prominent distributor of specialty building materials, has successfully acquired Texas Tool Traders. This acquisition underscores US LBM's commitment to expanding its reach and improving services for its customers in the construction sector.
About Texas Tool Traders
Texas Tool Traders has a storied history, having begun its operations in 1973 in Houston. Over the years, it has grown to operate 14 locations throughout the state. The company has established itself as a reliable supplier of construction fasteners, tools, and other essential supplies tailored for framing contractors, builders, and remodelers.
Impact on Building Contractors
With the addition of Texas Tool Traders to its portfolio, US LBM is well-positioned to provide even more comprehensive support to builders working in regions such as Austin, Dallas-Fort Worth, San Antonio, and Houston. These metropolitan areas have seen continued growth in new construction projects, making this acquisition particularly strategic.
Completing the US LBM Portfolio
In addition to Texas Tool Traders, US LBM operates under several other brand names throughout the state, including Texas Building Supply. This variety allows them to cater to a diverse range of construction needs, from large production projects to custom builds.
Enhancing Customer Value
L.T. Gibson, President and CEO of US LBM, spoke about the acquisition, noting, "Texas Tool Traders has a well-earned reputation for quality and service. We are happy to welcome the team to US LBM, as they enhance the value we provide in Texas' major metro markets, which continue to thrive with new construction activity. This acquisition significantly strengthens our product and service offerings throughout the region."
US LBM's Unique Position
As the largest privately owned full-line distributor of specialty building materials in the United States, US LBM is dedicated to offering a diverse portfolio of products. This includes everything from windows and doors to engineered components and cabinetry. Their strategy blends the advantages of a national platform with localized market tactics, addressing the unique needs of communities across the country.
Future Outlook
The collaboration between US LBM and Texas Tool Traders points to a bright future for both companies and their customers. With ongoing demand for building materials and a robust expansion plan, US LBM is committed to strengthening its market position and enhancing service for all clients.
Frequently Asked Questions
What is the significance of US LBM's acquisition of Texas Tool Traders?
This acquisition marks a strategic expansion for US LBM, enhancing its product offerings and service capability in key Texas markets.
When was Texas Tool Traders founded?
Texas Tool Traders was established in 1973, originally opening its first location in Houston.
How many locations does Texas Tool Traders have?
Currently, Texas Tool Traders operates 14 locations across the state of Texas.
What types of products does US LBM provide?
US LBM offers a wide range of specialty building materials, including windows, doors, roofing, millwork, and cabinetry.
Who leads US LBM as President and CEO?
L.T. Gibson is the current President and CEO of US LBM.
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