Hayward Lumber announced the acquisition of Economy Lumber, a lumber yard in Campbell, Calif.
Economy Lumber, founded in 1936, is the first lumber yard in the unincorporated district of Santa Clara County, according to a news release. The company later relocated to Campbell, Calif.
“We believe in the strength of family-owned businesses, and in joining forces with Hayward Lumber, it became clear that this partnership was strategically sound and aligned with our core values,” John Saunders, president and CEO of Economy Lumber, said in a prepared statement. “Our employees are at the heart of our success, and this union provides exciting opportunities for career growth within a company that values its team members. We are confident that this decision will bring positive outcomes for our customers, employees, and the local communities we proudly serve.”
Hayward Lumber said its acquisition of Economy Lumber aligns with its mission to enhance its offering and extend its reach into Santa Clara County.
“We’re excited about Economy Lumber joining the Hayward family,” Marc Mizgorski, CEO of Hayward Lumber, said in a prepared statement. “This strategic move will provide valued customers access to an expanded range of products and services in Campbell, the Bay Area, and along the Central Coast. Employees will also benefit from additional career growth opportunities.”
Post-acquisiton, Hayward’s portfolio will include eight lumber yard locations, six design centers, a pro tool and repair shop, one truss plant, four rail yards, and a workforce of approximately 270 employees across California.