Specialty Building Products acquiring Reeb Millwork
Specialty Building Products (SBP) reported that it has signed a definitive agreement to acquire Reeb Millwork Corporation (Reeb), the Bethlehem, Pa.-based fabricator and supplier of interior and exterior doors.
Following the completion of the acquisition, Reeb will maintain its existing brand name, geographic locations, and management team, led by CEO Scott Kerr, as part of SBP. Terms of the transaction were not disclosed.
For more than two decades, Reeb has built and advanced its position as the largest door fabricator in the Eastern United States, offering a comprehensive portfolio of premium door and general millwork products.
Moving forward, SBP said it will work with Reeb will work to expand the company’s door products and ultimately serve the category in SBP's entire footprint.
Reeb represents SBP's entry into the door category and is consistent with SBP's strategy to grow by investing in and making acquisitions of high-performing and complementary businesses that enable geographic and market segment expansion.
"We are thrilled to welcome Reeb to the SBP family," said Jeff McLendon, president and CEO of SBP. "Scott and his entire team share our customer-centric culture and passion for reducing complexity and delivering the value-added products our dealers and their customers need and require.”
McLendon noted that the SBP’s expansion into the Door Category underscores the company’s “commitment to bring the best brands and highest value specialty building products to our dealers serving the repair and remodel and new construction marketplaces.”
“Reeb has an outstanding reputation across the industry, and we are excited to enter this new category alongside such a talented and hard-working team,” he added.
"We conducted a thorough process and are confident that joining SBP is the optimal way forward for our business, employees, customers, suppliers and local communities,” Kerr said. “SBP is a highly respected company that has the long-term mindset, expertise and resources we need to support Reeb's continuing journey to becoming the leading door supplier in the industry. In SBP, we have found the right home. Reeb President, Dan Schaffer, the founding family, my colleagues and I are excited to enter this next phase of growth with the SBP team."
The acquisition is expected to close before the end of October 2021, subject to the satisfaction of customary closing conditions.
SBP, based in Duluth, Ga., operates U.S. Lumber, Alexandria Moulding, Midwest Lumber, and Mid-State Lumber. The distributor provides sales, marketing and logistic solutions that bring a wide range of high value, SKU-intensive, and logistically complicated specialty building products to dealers serving the repair and remodel and new construction marketplaces.
