DYERSVILLE, Iowa--(BUSINESS WIRE)--US LBM Holdings, LLC (“US LBM”) announces the acquisition of Lumber Specialties of Dyersville, IA from majority shareholders Carl Schoenhard, Bob Lex and Terry Bahl. Dennis Westhoff will become president of Lumber Specialties managing the business with Bob Lex, Terry Bahl and their existing team.
Lumber Specialties was founded in 1983 in Dyersville, Iowa with 10 employees. After 30 years in business, Lumber Specialties has grown to almost 220 associates and is the largest independent truss and wall panel manufacturer in the Midwest. Operating out of two facilities in Dyersville and Story City, Iowa that total more than 100,000 square feet of manufacturing space on 64 acres, the company produces roof and floor trusses, wall panels as well as provides engineered wood products, steel beams and laminated columns to lumber dealers throughout the Midwest.
“Lumber Specialties is excited to join the US LBM team,” said President Dennis Westhoff. “This new partnership will allow Lumber Specialties to continue to grow as a company and improve our operations and enhance customer service. The opportunity for growth for our employees and vendors is amazing.”
“We are very pleased to have the Lumber Specialties team join US LBM and further our reach and abilities for truss and panel products,” said L.T. Gibson, President & CEO of US LBM. “Lumber Specialties has state-of-the-art facilities, a first-rate group of associates, and we are happy to have them on the US LBM team.”
For more information on the Lumber Specialties, go to www.lbrspec.com.
US LBM, recipient of the 2013 HCN Pro Dealer of the Year Award, is a collection of 17 leading building material distributors across the U.S. in 19 states with over 90 locations. Implementing the philosophy of local management and leadership, US LBM capitalizes on the premier reputation of its operating companies and the local customer relationships that each operation is known for in its market. www.uslbm.com.
Anchor Peabody served as the financial advisor to Lumber Specialties.
