New frontier for R.P. Lumber
R.P. Lumber, a growing home improvement company with 69 locations, announced their acquisition of Build-Rite Lumber and Supply, founded in 1963, with two locations serving the communities of Carbon County, Wyoming. The stores, in Rawlins and Saratoga serve a diverse customer base of homebuilders, contractors and do-it-yourselfers.
The two new locations will be the first for Edwardsville, Ill.-based R.P. Lumber outside of Illinois and Missouri. As part of R.P. Lumber’s acquisition strategy, Build-Rite will operate under the R.P. Lumber brand with key team members continuing at the company.
“This is our first acquisition in Wyoming and we could not be more pleased to welcome
Build-Rite Lumber and Supply’s great team to the R.P. Lumber family,” said Robert Plummer, President & CEO of R.P. Lumber. “Build-Rite Lumber and Supply is an excellent fit for our company and we are excited to serve the people of Southern Wyoming. The Olson family built a wonderful business and we are truly humbled that they have given us the opportunity to build on their legacy. R.P. Lumber is also family-owned and our companies share similar cultures and values.”
Financial terms of the deal were not released.
Steve Olson, President of Build-Rite Lumber and Supply, added, “This was a very important decision for our family. We wanted to make sure that our employees, our customers, and the communities we serve would be in good hands. In selling to R.P. Lumber and the Plummer family, we know that will be the case. We’re very proud of the company our family built and we’re excited to see what the future brings.”
The transaction closed on June 26, making June 27 the first official day for R.P. Lumber doing business in the Cowboy State.