R.P. Lumber continues Iowa expansion
R.P. Lumber Co., the fast-growing hardware and building materials dealer, is continuing its expansion Iowa with the acquisition of Malcom Lumber's Grinnell and Oskaloosa locations.
Originally opened in 1982 in Malcom, Iowa by Roger & Judy Schroeder, Malcom Lumber expanded into Grinnell in 1994 and Oskaloosa in 2000.
"We are excited to expand our Iowa footprint and work diligently to serve the communities of Oskaloosa and Grinnell with quality products and our 'Best Service. Best Value.'' promise for many years to come," said Robert Plummer, president and CEO of R.P. Lumber. "Malcom Lumber has long been a respected name in Iowa. We couldn't be more excited to get to work with the teams at these locations, adding inventory, additional services, and earning the trust of our customers."
Based in Edwardsville, Ill. R.P. Lumber opened its first location in Staunton, IL in 1977 and has continued to grow throughout the states of Illinois, Missouri, and Wyoming. In February of 2021, R.P. Lumber opened its 72nd location – and first in Iowa - when it acquired Dick-N-Sons Lumber in Blue Grass.
The transaction closed on July 26th. Both Malcom Lumber locations will begin operating under the R.P. Lumber as of today. Key members of the staff will continue on with the company as R.P. Lumber looks to add new employees and expand its offerings.
Financial terms of the acquisition were not disclosed.
"We understood that ownership at Malcom Lumber was wanting to transition and we were excited to step up and work with them to put this transaction together. Grinnell and Oskaloosa are great communities and fit our growth strategy," said Jason Plummer, vice president of R.P. Lumber. "After visiting with the team members at these two locations, we knew this would be a good fit.
“We're a family-owned company and share the same culture and work ethic we found at these stores and in these communities,” Plummer added.
R.P. Lumber’s offerings include full-service delivery, complete hardware stores, lumber, drywall, roofing, and kitchen cabinet design. The company also operates a truss manufacturing facility in central Illinois and a e-commerce platform (shop.rplumber.com) offering nearly 100,000 items for sale with the click of a button.
The dealer has locations in Illinois, Missouri, Wyoming, and Iowa, and serves customers in Colorado, Indiana, Kentucky, Tennessee, Arkansas, Wisconsin, Kansas, Nebraska, and Oklahoma.
