EDINBURGH, Ind. -- MacBeath Hardwood Co. has completed an asset purchase of World Timbers Inc., doing business as Woodworkers Source, in Scottsdale, Arizona. Woodworkers Source services the retail segment of the industry predominantly, and has three retail locations in Phoenix, Tempe and Tucson, along with an online business. The Arizona company has approximately 30 employees and annual sales are estimated at $7 million.
Founder of Woodworkers Source, Keith Stephens, is entering retirement. “I am pleased to pass on to MacBeath a company centered on providing hardwoods to the retail woodworking community and a strong presence in emerging internet marketing and distribution,” he said. “Their commitment to customer service will provide the fuel for future growth for our staff and customers. Thanks to all who helped, over the past forty years, develop Woodworkers Source.”
Jonathan MacBeath, president and CEO of MacBeath Hardwood, said, “The Arizona market has always intrigued us. With seven million residents, Arizona boasts a population growth rate that’s top five in the nation. I personally cut my teeth at our flagship branch in Berkeley, California, which puts a strong emphasis on servicing retail clientele, so that segment of the business has always had a soft spot in my heart. These guys at Woodworkers know lumber, and it shows in their unparalleled knowledge of the product.”
MacBeath Hardwood is a family owned business that was started in 1954. It has retail and wholesale distribution locations in California and Utah, along with its headquarters in Indiana; a 15 acre dry kiln facility which ships lumber to its branches as well as all over the world. Mark Stephens, Keith Stephens’ son, has been with Woodworkers Source for close 20 years. He will continue on with the company, serving as vice president of Woodworkers Source and regional manager of MacBeath Hardwood’s new southwest division.
Have something to say? Share your thoughts with us in the comments below.