Rugby Architectural Building Products acquires Lumber Products

Jun 29, 2012. /Lesprom Network/. Rugby Architectural Building Products acquires Lumber Products, an Oregon-based industrial building products and door distributor founded in 1938. A portfolio company of Leading Ridge Capital Partners, Rugby acquired substantially all of the assets of Lumber Products through its stalking horse bid under Section 363 of the US Bankruptcy Code, as the company said in the press release received by Lesprom Network. Teams at former Lumber Products locations in Tualatin and Eugene, OR, Kent and Spokane, WA, Boise, ID, Salt Lake City, UT and Albuquerque, NM have commenced operations as Rugby Architectural Building Products. The former Lumber Products’ Chandler, AZ distribution center will be consolidated with Rugby’s Phoenix operation into a new metro center. This expansion marks Rugby’s ninth acquisition since 2010, through which the company has more than doubled its revenue base and grown to 20 distribution centers across the country. “The acquisition of Lumber Products supports our strategy to diversify geographically, extending Rugby’s footprint into key western markets,” commented David Hughes, Rugby President and CEO. “Furthermore, the transaction enhances our product offerings in our core industrial base of products, as well as increases our value-added components and service offerings targeted at the commercial and residential construction sector.” “Rugby will continue to grow organically and through acquisition, targeting both consolidation and market expansion opportunities,” explained Leading Ridge Partner Robert Mayn. “This is a transformational transaction for our company and our industry,” continued Leading Ridge Partner Zach Coopersmith. “In this difficult operating climate, Rugby’s size, scale, geographic diversification, strong product mix, and decentralized operating structure will help ensure our company’s continued growth, benefiting all customers, suppliers, and employees.” Rugby Architectural Building Products, America’s leading distributor of architectural wood products, decorative surfacing, doors, and millwork.