Posted April 4, 2011
ProBuild acquires Harbert Lumber
ProBuild Holdings Inc. has acquired Harbert Lumber Company, a building materials supplier based in Colorado.
Terms of the sale agreement were not disclosed. Harbert Lumber Company is a supplier of building materials with locations in Grand Junction, Glenwood Springs, Aspen and Steamboat Springs, Colo. It has 45 employees statewide.
"We're very excited to join the ProBuild family," said Gordon Harbert, owner of Harbert Lumber Company. "Their resources ensure the business we've built will maintain our leadership position in all the Western Colorado markets we serve. We look forward to the added opportunities this merger will provide to our employees as well."
ProBuild said the acquisition coincides with an increase in housing starts across the Rocky Mountain West for the first time since the recession. ProBuild is headquartered in Denver and has 10 retail locations in the state and more than 450 locations nationwide.
"The addition of Harbert Lumber will enable ProBuild to service the growing needs of our customers in Colorado, particularly in the mountain towns where we have not had a robust presence until now," said Bill Myrick, president and chief executive officer of ProBuild. "Within each market, ProBuild will combine local market expertise with the strength and scale of a national industry leader to continue delivering on the needs of our customers and partners."
