Snavely Forest Products acquiring Mid-States Wholesale Lumber

Snavely Forest Products reported that it has entered into an agreement to purchase Mid-States Wholesale Lumber Company.

Based in Oklahoma City, Mid-States is a wholesale lumber and building products company. Mid-States has served the Oklahoma City, Tulsa, and Wichita markets within the building materials industry since 1986.  

The deal is expected to close on or before Dec. 30, Snavely said. The financial terms of the agreement were not disclosed. 

According to Snavely, the acquisition of Mid-States matches its business strategy to intentionally develop its 120-year-old culture and expand its geographic footprint as a leading wholesale distribution company within the same industry.  

In a statement issued by Snavely, the company said, “This plan is a healthy acquisition as it underpins Snavely's brand statement to ‘build business for its partners’.”

"We are proud and excited to have Mid-States join our company,” said Clark Spitzer, president of Snavely Forest Products. “They are a well-run company with a solid reputation in the industry.  We look forward to having them as part of our employee-owned company, and our collective collaboration to expand their presence in the market.”

As a subsidiary of Snavely, Mid-States will continue to operate seamlessly and consistently.  They will preserve the Mid-States name, work under the same management team, and most importantly, retain its greatest asset – its employees.    

"We have an obligation to maintain our current culture, continue to serve our relevant customer base, and generate value for our employees,” said Mike Davis, general manager of Mid-States. “We look forward to joining the Snavely family and creating new and expanded business opportunities for our customers."

Based in Pittsburgh, Pa., Snavely Forest Products’ customer base includes professional and do-it-yourself retailers, including independent dealers, home centers, door and window shops, and moulding and millwork manufacturers.  

Snavely, a 100% employee-owned company, has just celebrated its 120-year anniversary.

The distributor offers a broad assortment of framing lumber, cedar, engineered wood products, and other specialty building materials.

“Growth is the fuel that feeds an ESOP, and the addition of Mid-States will support our strategic growth goals and contribute greatly to keeping our company healthy and vibrant,” Spitzer said.