Weekes Forest Products announced today it has acquired Snavely Forest Products, producing a combined two-step distributor that can serve 17 states from the mid-Atlantic to Colorado plus Florida. Financial terms weren't revealed.
Snavely will keep its name following the transaction, which is expected to close in the second quarter.
Employee-owned Weekes is based in St. Paul, Minn., with other distribution centers in Fargo, N.D.; Green Bay and Jackson, Wis.; Riverdale, Ill.; Comstock Park, Mich.; and Tampa, Fla. Snavely is based in Pittsburgh and also runs distribution facilities in Westminster, Md.; Greensborog, N.C.; Dallas; and Denver.
"It’s rare to find a company such as Snavely Forest Products that has developed a culture of honesty, trust and reliability over more than 100 years of service to their customers and suppliers," Weekes President Tom Le Vere said in a news release. "There are many synergies between our two companies. The footprint of the Snavely distribution centers is a perfect extension to our own with no geographic overlap. Combined, Snavely and Weekes will service 17 states."
