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Doman Building Materials completed the acquisition of Hixson Lumber Sales for $375m.

Synopsis

Doman Building Materials, a wholesale distributor of building materials and home renovation products, completed the acquisition of Hixson Lumber Sales, a supplier of wood products, for $375m. “The transaction is a great complement to our existing US operations while further advancing our growth strategy and developing a leadership position in the central corridor of the US, in areas such as Texas that continue to have extremely strong growth activity. With the transaction, our US footprint now extends from the West Coast and Hawaii across the mainland and into several high growth states in the middle of the US, we proudly operate 32 treating plants across our system, and our product offerings importantly include Southern Yellow Pine building materials," Amar Doman, Doman Building Chairman and CEO.

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