Mead Lumber has signed an agreement to purchase the Truss Craft division of Dakota Craft Inc., a Rapid City, S.D.-based chain of component manufacturing plants. The purchase price was not disclosed.
Truss Craft serves the southeastern Wyoming building community. The acquisition will give Mead a leading market share in Wyoming, according to the announcement. The transaction is expected to be completed by Jan. 31, 2012.
“Further developing our market position in Cheyenne, Wyo., one of the country’s healthiest markets, has been a goal of ours for some time now,” said Craig Bradshaw, president of Mead Lumber. “Being able to combine the resources of Mead Lumber and Truss Craft is a rare opportunity.”
Dakota Craft will continue its operations in Rapid City, S.D., where it holds a leading market-share position. Dakota Craft offers structural components and building materials to the western North Dakota and South Dakota, southeast Montana and northwest Nebraska building community.
Mead now has 36 lumberyards, truss plants, hardware stores and mill shops in Colorado, Kansas, Montana, Nebraska, Oklahoma, South Dakota and Wyoming. With $104 million in annual revenues, the Columbus, Neb.-based firm ranked 34th on the 2011 Pro Dealer Scoreboard.