Metropolitan Louisville, Ky., lost a notable competitor today when US LBM announced today that its K-I Lumber unit will take over operations of Boland Maloney Lumber, a family-owned, 77-year-old yard based in the city. The combined company is the biggest dealer based in Kentucky, US LBM said.
K-I will run Boland Maloney's distribution center and millwork facility, where it will add a kitchen and bath showroom, a US LBM news release said. Meanwhile, Boland Maloney's truss and wall panel manufacturing operations, which operates under the Structural Components System name, will be moved to K-I's facility in Shelbyville, Ky.
Key sales and operational staff will join Louisville-based K-I, US LBM said. “The dedicated associates at Boland Maloney Lumber align perfectly with the K-I team and their commitment to serving professional builders, contractors, and project-oriented consumers," K-I president Bob DeFerraro said in a news release.
K-I has yards in Lexington, Ky., across the Ohio River in Clarksville, Ind., and downriver in Evansville, Ind. It also has the truss and wall panel plant in Shelbyville, Ky. The newly merged company's major competitor is 84 Lumber, which has two facilities in the area.
This is the fifth acquisition involving US LBM this year. On April 17, the company added another ProSales 100 company to its portfolio when it announced its acquisition of Rosen Materials, a Sunrise, Fla.-based specialty dealer with 19 facilities in Florida, Georgia, Illinois, Nevada, and New Jersey. That same day, it also acquired Direct Cabinet Sales, a N.J.-based installer and distributor of kitchen cabinetry. Direct Cabinet Sales operates five showrooms and a distribution center in New Jersey and a showroom in Boca Raton, Fla.
Two days earlier, US LBM took over Richardson Gypsum. It put the Stamford, Conn.-based drywall dealer within its Feldman Lumber unit. And in March, US LBM purchased Lampert Lumber, the No. 32 company on the ProSales 100. The deal expands US LBM's operations in the Upper Midwest even as its owners continue to test the waters for a potential sale.