US LBM Acquires RAKS Building Supply in New Mexico - Modern Distribution Management

US LBM Acquires RAKS Building Supply in New Mexico

Specialty building materials distributor US LBM expands its network in the Albuquerque region, which has been a high-demand housing market.
US LBM

Specialty building materials distributor US LBM acquired building products and manufactured components distributor RAKS Building Supply to expand its network in a high-demand housing market.

Founded in 1986 and headquartered in Los Lunas, NM, RAKS offers a portfolio of home-building supplies, such as lumber, floor and roof trusses, windows, doors and hardware to professional builders and contractors throughout central New Mexico.  RAKS operates five locations throughout the Albuquerque metropolitan area, including an 11-acre full-line building materials yard, home center and truss manufacturing plant in Rio Bravo, along with full-line yards in Socorro, Edgewood and two in Albuquerque.

“The Albuquerque region continues to see high demand for housing, and with continued low inventory levels,” US LBM President and CEO L.T. Gibson said in a June 4 news release. “The addition of RAKS expands our network into a strong market that will continue to grow.”

With the acquisition of RAKS, US LBM now operates 12 locations across the state of New Mexico.

“We’re excited for the enhanced value and greater opportunities this partnership will create for our associates, customers and the community,” said Richie Tabet, who along with Kenny and Bobby Trujillo, will continue to lead RAKS’ day-to-day operations.

On June 3, US LBM named Russell Tiejema as its Executive Vice President and Chief Financial Officer.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!