Oakland, Calif.-based Economy Lumber Co. announced today it has acquired the Oakland branch of Piedmont Lumber & Mill Co. for cash and other considerations.

All employees have been retained at the acquired facility, which will be called Economy Lumber/Piedmont. It's located in a residential area of the city, thus making it convenient to many construction projects, an official for Economy said.

Economy Lumber was launched in 1935, while Piedmont began in 1934. "Oakland, once home to more than 50 lumber businesses, now has one--Economy Lumber," Economy noted in a statement.Economy also owns two facilities south of Oakland and serves customers throughout the Bay Area.