US LBM announced it will acquire building products supplier Foxworth-Galbraith Lumber Company. Founded in 1901, Foxworth-Galbraith serves professional builders, commercial contractors and homeowners across 28 locations in Arizona, Colorado, New Mexico, Oklahoma and Texas.
Don’t miss any content from Distribution Strategy Group. Join our list.
“The addition of Foxworth-Galbraith augments our already robust network in the Southwest, expands US LBM’s reach and reinforces our strong position in several key housing markets, including the growing Dallas-Fort Worth and Phoenix metro areas,” US LBM President and CEO L.T. Gibson said.
The transaction is expected to close in the third quarter of 2022.
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.