Doman Building Materials Group Acquires CM Tucker Lumber Assets
October 1, 2024
Doman Building Materials Group Ltd. (TSX:DBM) acquired the assets of CM Tucker Lumber Companies, LLC ("Tucker Lumber") for a base purchase price of approximately US$255 million in cash. The asset purchase, completed October 1, 2024, adds Tucker's three facilities (headquartered in Pageland, South Carolina) and ~425 employees, expanding Doman's treated-wood capacity and Eastern U.S. footprint and is expected to be immediately accretive.
- Buyers
- Doman Building Materials Group Ltd.
- Targets
- CM Tucker Lumber Companies, LLC (Tucker Lumber)
- Sellers
- CM Tucker Lumber Companies, LLC (Tucker Lumber)
- Industry
- Building Products
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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