ALEXANDRIA, Ont. and ATLANTA ‐ One of Canada's leading producers of mouldings and millwork, Alexandria Moulding is being acquired by U.S. Lumber, a large distributor of specialty building products.
Financial terms of the agreement, announced Aug. 15, were not disclosed. The transaction is expected to be completed by early October, subject to customary closing conditions.
Founded in 1943 and headquartered in Alexandria, Ontario, Alexandria Moulding, is a leading manufacturer and two‐step distributor of mouldings and accessories across all of Canada and the northern United States, and is ranked #48 in the latest FDMC 300 list of top North American wood products manufacturers. The Atlanta, Georgia-based U.S. Lumber is a leading two‐step distributor of specialty building products in the eastern and midwestern United States. According to the two firms, the combination will create a company with a broader geographic presence as well as enhanced product and service capabilities.
U.S. Lumber President and CEO Jeff McLendon said, "We are thrilled to be partnering with the Alexandria Moulding team as we continue to grow our business. Alexandria Moulding brings to the U.S. Lumber family the very highest level of expertise and capabilities in mouldings, along with a 75‐year history of exceptional customer service through its distribution arm. This acquisition advances our growth strategy by expanding our geographic presence and product mix, and adds an exciting new set of capabilities to our company. We're particularly pleased that combining these complementary businesses will enhance the value proposition we collectively offer our trading partners."
Alexandria Moulding President Andre Cholette added, “We are very excited to be partnering with U.S. Lumber as the next stage of Alexandria Moulding’s growth. U.S. Lumber has earned a great reputation in the marketplace and its commitment to values like honesty and integrity is a perfect match for Alexandria Moulding’s strong culture. Becoming a part of U.S. Lumber will allow us to enhance our
product and service offerings as we continue to provide growth opportunities for our customers, suppliers and employees.”
Alexandria Moulding (Moulure Alexandria) will continue to be led by its existing management team from its current headquarters in Alexandria, Ontario. Cholette will join the U.S. Lumber board of directors.
Founded in 1998, U.S. Lumber was formed by the merger of Atlantic Trading Co. and Bestwood Forest Products and has since grown organically and through strategic acquisitions. The company serves more than 7,000 pro‐dealer and retail customers in 33 U.S. states.
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