Mead Lumber announced the purchase of Teague Lumber Company of Kansas City, Mo. Teague Lumber has served the Kansas City metro area as a full service lumberyard and building material supplier for residential and light commercial new construction since 2002. The company has four locations: a corporate office, including a millwork operation, a lumberyard in Grandview, Mo., and lumberyards in Liberty, Mo., and Bonner Springs, Kansas.
“All of us here at Teague Lumber are excited to join the Mead Lumber family,” Don Margritier, president of Teague Lumber, said in a prepared statement. “We’ve had several parties interested in purchasing us, but when it came down to it, the values that Mead Lumber has, their culture and track record in the communities they serve, and the fact that Mead Lumber is 100% employee-owned, made it the best decision for us.”
Teague Lumber Company will continue to operate under its existing brand name post-acquisition. The current management team, under the direction of Ron Avery, Kansas City market manager, will continue to lead day-to-day operations at Teague Lumber.
“We are extremely excited to have Teague Lumber join our family,” Dave Anderson, president and CEO of Mead Lumber, said. “Teague Lumber not only gives us our first locations in the state of Missouri, but also gives us a great opportunity to expand into the Kansas City market. Teague Lumber is a great fit culturally as a company, and we are looking forward to combining the strengths of our two companies to provide customers a continued superior level of service.”
Mead Lumber has 53 locations in Colorado, Kansas, Iowa, Missouri, Montana, Nebraska, Oklahoma, South Dakota, and Wyoming, including five truss and wall panel manufacturing plants and a countertop manufacturing facility. The company offers a complete line of materials to builders and homeowners, including lumber, building materials, trusses, wall panels, millwork, kitchen cabinets and countertops, siding, decking, windows, doors, and hardware.