Cedar Creek announced today it had completed its purchase of Epperson Lumber of Statesville, N.C., a move that expands Oklahoma City-based Cedar Creek's sales territory into the Carolinas, Virginia, and east Tennessee.
Cedar Creek also named Mark Niewerth as the general manager for what now will be called Epperson Cedar Creek. Niewerth is a Baltimore native who worked for Macmillan-Bloedel and Weyerhaeuser before joining Cedar Creek in Carrollton, Texas, in 2008.
"This acquisition underscores our commitment to growing the footprint of Cedar Creek and opening new markets," Cedar Creek CEO Bill Adams said in a statement. "We view this as a great opportunity to increase our presence outside of our traditional mid-South markets and enter what's forecast to be one of the best growth areas in the country."
Cedar Creek to date has served 12 states in the mid-South and Midwest from 11 locations, none of them east of central Tennessee. It was recapitalized last May by Charlesbank Capital Partners.
Terms of the deal, first announced March 18, weren't disclosed.