North Wilkesboro, North Carolina-based building materials distributor ECMD Inc. announced March 31 its acquisition of Madison Lumber Company. Financial details of the transaction were not disclosed.
Founded in 1986, Madison Lumber is a distributor of specialty building products based in Huntsville, Alabama. Specializing in mouldings, boards and pattern stock, Madison Lumber services lumber yards and builders across Alabama, Mississippi and Tennessee. Madison will join ECMD as one of its seven operating divisions, according to a news release.
“The cultural fit between our two companies is a perfect match,” Madison Lumber President Buster Betz said in the release. “Joining the ECMD family of companies creates a stable future for our employees and allows our customers to enjoy the unparalleled service Madison Lumber provides them.”
“ECMD’s strategic plan calls for significant growth to come through acquisition as our industry continues to consolidate,” ECMD President and CEO Kelly Hendrix said in the release. “Our ESOP structure allows ECMD to be uniquely positioned to add privately owned companies into our portfolio who want their employees and their legacy honored.”
Madison Lumber will continue to operate independently and over time ECMD will integrate various parts of their business when it benefits Madison’s employees, vendors and customers, according to the release.
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