US LBM Expands Reach with Strategic Milton Truss Acquisition
US LBM Welcomes Milton Truss to Its Family
US LBM, a leading distributor of specialty building materials, has made a significant move by acquiring Milton Truss, a well-respected manufacturer specializing in structural building components. This acquisition expands US LBM’s operational capabilities and strengthens its presence in the Southeast, particularly within the markets it serves.
About Milton Truss
Milton Truss has been a strong player in the market for over four decades, providing high-quality floor and roof trusses to both commercial and residential builders. Located in a state-of-the-art facility, the company is renowned for its commitment to excellence and innovation in manufacturing, enabling builders to advance their projects with reliable structural components.
Impact of the Acquisition
With this acquisition, Milton Truss will operate under the umbrella of Raymond Building Supply, a subsidiary of US LBM. This integration allows US LBM to operate six component manufacturing locations in the Southeast region, enhancing its ability to serve builders in the Florida Panhandle and southern regions. The existing leadership team at Milton, including Charles Smith and Tim Noble, will continue to oversee daily operations, ensuring a seamless transition and maintaining the quality service expected by their clientele.
Remarks from Leadership
US LBM's President and CEO, L.T. Gibson, expressed excitement about this addition, stating that it enriches their network of manufacturing locations while providing greater value to their customers. He noted, "We’re pleased to welcome the Milton team to US LBM, as this acquisition aligns with our vision of growth and enhancing service delivery to builders in the Southeast. It strengthens our commitment to being the best partner for our customers in these critical markets."
US LBM Overview
Established as the largest privately owned, full-line distributor of specialty building materials in the United States, US LBM prides itself on an extensive portfolio. Their offerings include a variety of products such as windows, doors, millwork, wallboard, roofing, siding, engineered components, and cabinetry. US LBM employs a dual strategy that combines national scale with local expertise, allowing them to effectively meet customer needs across extensive markets.
Contact Information
For any inquiries related to the acquisition or the company’s services, Timothy Wirth can be reached at US LBM Communications. They offer direct support to ensure all builder needs are met promptly. This level of access highlights US LBM's dedication to service and responsiveness in an evolving market.
Frequently Asked Questions
What does the acquisition of Milton Truss mean for US LBM?
The acquisition enables US LBM to expand its manufacturing footprint in the Southeast, enhancing service levels for builders in those areas.
Who will manage Milton Truss post-acquisition?
The current leadership team, including Charles Smith and Tim Noble, will continue to manage Milton Truss's operations.
How long has Milton Truss been in business?
Milton Truss has been serving the Florida Panhandle and southern Alabama for over 40 years.
What products does US LBM distribute?
US LBM distributes a wide array of specialty building materials including windows, doors, roofing, siding, and more.
Is US LBM expanding its operations further?
Yes, with the acquisition of Milton Truss, US LBM continues to grow its operations strategically within the building materials sector.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.