Doman Building Materials Group acquired the assets of the Hixson Lumber Sales group of companies for approximately $375 million in cash, including inventory. Dallas, Texas-based Hixson is a wholesale and manufacturing company of lumber and treated lumber. Doman Building Materials Group, based in Vancouver, British Columbia, is a building materials distributor.
Hixson operates 19 locations in 8 U.S. states and its operations include 19 lumber treating plants, five specialty sawmills, and its own trucking fleet. The company services and delivers products in approximately 25 states, primarily in the central region of the United States.
Doman said the acquisition of Hixson provides the company with operations in the central region that are “highly complementary” to its existing U.S. West coast operations without overlap.
“The transaction is a great complement to our existing U.S. operations while further advancing our growth strategy and developing a leadership position in the central corridor of the U.S., in areas such as Texas that continue to have extremely strong growth activity,” Amar Doman, chairman and CEO of Doman, said in a news release.
Doman operates 32 treating plants across its footprint, including Southern Yellow Pine building materials.
Hixson serves national big box retailers, several national home builder distribution yards, large regional lumberyards, and multiple independent lumber yards. Its primarily business lines include pressure treated lumber, wood fence manufacturing, and specialty items for new home and renovation markets.
