Lumbermens Merchandising Corporation (LMC), a forestry and building materials buying group, announced the closing of its deal to integrate the Manufactured Housing Buyers Group (MHBG). The closing marks the launch of LMC’s Modular division.
“This is a transformative moment for both LMC and MHBG,” LMC president and CEO Paul Ryan said. “The official launch of our Modular division signifies our dedication to diversifying our market segments and improving our collective purchasing power.”
The new Modular division will be led by Jay Wilson, the former chief negotiator of MHBG, who will join LMC as the vice president of the Modular division.
“I am honored to join LMC and lead the Modular division,” Wilson said. “Our members, known for their independent entrepreneurial spirit, will greatly benefit from the expanded resources and opportunities that LMC provides. Together, we will create a competitive environment that allows our members to thrive.”
Additionally, LMC announced David Jessup, chairman of MHBG and the owner of Jessup Housing, will become a member of the LMC board of directors.
According to LMC, the integration of MHBG into the corporation represents a “united effort to navigate evolving market dynamics, mitigate supply chain risks, and capitalize on emerging opportunities.”
