Doman Building Materials Group acquired South Carolina-based CM Tucker Lumber Companies for a base purchase price of approximately $255 million in cash.
Founded in 1920, Tucker Lumber is headquartered in Pageland, South Carolina and operates three locations. The Pageland facility comprises a specialty sawmill, dry kilns, treating plants, remanufacturing operations, and distribution facilities. The company operates treating plants in Henderson, North Carolina and Rock Hill, South Carolina. Tucker Lumber offers a comprehensive variety of products, including treated lumber and plywood, decking, deck posts, balusters, spindles, handrails, step stringers, step treads, fence panels, fence pickets, round fence posts, and split rail fencing.
Doman said Tucker Lumber’s operations are complementary to the company’s existing U.S. Central and West Coast operations without overlap.
“We are very excited with the addition of Tucker Lumber to the Doman Group of companies. The translation is a great complement to our existing U.S. operations while further advancing our growth strategy, developing a leadership position, and expanding our footprint into ten previously unserved states,” Amar Doman, chairman and CEO of Doman Building Materials Group, said. “We continue our disciplined approach in tracking and executing on accretive growth opportunities, further strengthening our financial performance, and enhancing shareholder value based on a fundamentally sound and sustainable growth plan.”
With the acquisition, Doman has a footprint that extends coast to coast with 37 treating plants.