“Florida Forest Products’ team and facility are highly complementary to our existing metro Tampa/St. Petersburg operations and we have many overlapping customers within various product segments,” Kyle Hooker, executive chairman and owner of Tibbetts Lumber, said in a news release. “Florida Forest Products gives us a very geographically-strategic footprint to complement our central Florida truss production, and Rick’s team is experienced, well-disciplined, and respected in the marketplace.”
With the transaction, the first acquisition completed by Tibbetts, Tibbetts Lumber’s footprint increases to seven locations throughout Florida. St. Petersburg, Fla.-based Tibbetts serves regional and custom/semi-custom builders in remodelers across Florida with roof and floor trusses, lumber and building materials, interior and exterior doors, millwork and trim, windows, siding, and specialty items.
“I’m excited that Tibbetts Lumber shares our business philosophy and will continue the high level of product quality and customer service that we have provided to our customers for many years,” Rick Cashman, owner of Florida Forest Products, said. “In addition, Tibbetts Lumber has a very strong and experienced management team that will be able to lead and provide more opportunities for our great team.”