The deal includes three True Value locations in addition to manufacturing operations.
Your Building Center (YBC) announced that it is acquiring Allensville Planing Mill (APM).
Founded in 1959 and serving central Pennsylvania, APM operates has three True Value Hardware and building supplies locations and manufactures roof trusses, wall panels, and floor trusses.
The financial terms of the deal were not disclosed.
“We are looking forward to working with Joe Westover, Rob Morris, and the APM team to assure a smooth transition over the next several months, closing is expected around the end of the first quarter of next year,” Rich Lender, president and CEO of YBC said in a press release issued by the dealer.
Joe Westover, president of APM, said YBC and his company are a great fit with similar values and is pleased with the growth in career opportunities for current APM employees.
Rob Morris, APM CEO, noted that he looks forward to working with YBC and the APM Team, knowing that the new resources will help to grow the APM business.
“We are grateful to our customers, vendors, and suppliers, this acquisition will continue to strengthen those relationships,” Morris said.
Based in Altoona, Pa., YBC is an employee-owned company and operates 17 locations in the state along with two manufacturing facilities.