Distributors make it official: It’s a deal

As previously reported, Atlanta-based U.S. Lumber Group, a two-step distributor of building products in the Eastern U.S., signed a deal to acquire NILCO. The combination will create a company with a broader geographic presence and an expanded product mix.

Hartville, Ohio-based NILCO is a two-step distributor of building and industrial products in the Midwestern and Northeastern United States. The company will continue to operate under its existing brand name as a division of U.S. Lumber. It will also continue to be led by Jim Smith, NILCO CEO.

U.S. Lumber President and CEO Jeff McLendon said: "We are thrilled to be adding NILCO to U.S. LUMBER. The NILCO team has built a fantastic business with a well-earned reputation for providing the highest level of service to both their customers and suppliers. The NILCO acquisition advances our growth strategy by expanding our geographic presence and product mix. We're particularly pleased that combining these complementary businesses will enhance the value proposition we offer our trading partners."

NILCO CEO Jim Smith added: "We are excited by what a combination with U.S. Lumber offers to our suppliers, customers and employees. Our combined organization will have a unique breadth of products and capabilities that will distinguish us in our industry and enable us to serve more customers and accelerate our growth."

Jeff McLendon will serve as President and CEO of the combined U.S. Lumber. Financial terms of the transaction were not disclosed.