John H. Myers and Sons, a five-unit pro dealer in South Central Pennsylvania, will acquire the assets of The Lumber Yard locations in York, Pa., and Hagerstown, Md., by Dec. 31, 2008. These operations will be combined with existing Myers facilities in the towns of York and Chambersburg.
Terms of the deal were not disclosed.
Myers also operates lumberyards in Dallastown, Hanover and Camp Hill. The 92-year-old lumberyard ranked in 142nd place in the Home Channel News Top 350 Pro Dealer Scoreboard, with sales of $60 million for 2007.
All 73 employees who worked at The Lumber Yard locations in York and Hagerstown will be offered positions at John H. Myers, according to a company statement. “The continuity of employment for employees and source of supply for our customers were top priorities throughout our discussions,” said Bob Myers III, president of John H. Myers and a fourth generation owner.
Wolf Organization, parent company of The Lumber Yard, is engaged in negotiations to sell the chain’s two remaining locations in Downingtown and Whitehall, Pa. The LBM dealer once served five Mid-Atlantic states with 18 units, but a downsizing in late 2007 cut that number in half. Additional units were closed this year, bringing the number to four.
In a prepared statement, Wolf Organization said it wants to focus its resources on its wholesale business, which distributes cabinets, decking, siding and other building products.