Specialty Building Products to Acquire Millwork SalesNovember 8th, 2021 by Editor
Specialty Building Products (SBP), a distributor of specialty building products in North America, has signed a definitive agreement to acquire Millwork Sales. Millwork Sales is a wholesale distributor of doors, door components, moulding and millwork products with locations in Royal Palm Beach and Orlando, Fla. The transaction is part of SBP’s efforts to expand its door manufacturing and distribution capabilities and expand its presence in Florida and the Southeast.
Financial terms of the transaction were not disclosed.
“We are excited to bring Millwork Sales into the SBP family,” said Jeff McLendon, president and CEO of Specialty Building Products. “Millwork Sales has a strong reputation and an outstanding team focused on delivering superior value to customers in Florida with products and services that are complementary to our offerings. SBP is pleased to collaborate with Millwork Sales and serve dealers and door shops more extensively in the Florida market and elevate our combined business to new heights.”
Millwork Sales was founded in 1998, as a millwork-focused distributor and the forthcoming transaction follows SBP’s recent acquisition of DW Distribution in Texas and Reeb Millwork in the Northeast and mid-Atlantic.
“Since 1998, our people have dedicated themselves to building a high-performing business that benefits both our customers and partners. Combining Millwork Sales with SBP validates their hard work and success and ensures that our team will have a clear and well-defined opportunity and path for long-term growth. This is a terrific outcome for both companies and for the industry at large. We look forward to partnering with Jeff and the entire SBP team,” said David Sutherland, Millwork Sales CEO.
The acquisition is expected to close in 2021, subject to the satisfaction of customary closing conditions.