Mead Lumber, the Columbus, Neb.-based dealer that ranks 25th on the ProSales 100, announced today it has purchased three Fullerton Lumber locations in Vermillion, Yankton, and Winner, S.D., as well as Fullerton's Farm and Ranch Building Supply operation in Norfolk, Neb.
The purchase, which took effect today, marks Fullerton's exit from South Dakota and Nebraska, leaving it stores in Iowa, Wisconsin, and its home state of Minnesota. Three of the four newly purchased stores will carry the Mead Lumber name.
"The geographic location and size of these stores make them a great fit for Mead Lumber's growth plans," Craig Bradshaw, Mead Lumber's president, said in a statement.
Mead compiled $141 million in sales last year, 81% of it to professional builders and remodelers, according to this year's ProSales 100. It began 2011 with 34 lumberyards, truss plants, hardware stores, and mill shops in Colorado, Kansas, Montana (under the Thomae Lumber name), Nebraska, Oklahoma, South Dakota and Wyoming. In August, Mead's Knecht Home Centers unit acquired Sonny's Ace Hardware of Canon City, Colo.