ECMD announced it has acquired Huntsville, Ala.-based Madison Lumber Company. Established in 1986, Madison Lumber is a specialty distributor of moldings, boards, and pattern stock serving lumberyards and builders in northern Alabama, Mississippi, and central Tennessee.
“ECMD’s strategic plan calls for significant growth to come through acquisition as our industry continues to consolidate,” Kelly Hendrix, president and CEO of ECMD, said in a prepared statement. “Our ESOP [employee stock ownership program] structure allows ECMD to be uniquely positioned to add privately-owned companies into our portfolio who want their employees and their legacy honored.”
North Wilkesboro, N.C.-based ECMD has a portfolio include seven operating divisions: EastCoast Mouldings, Klumb Forest Products, Crown Heritage Stairs, ECMD Distribution, Arndt & Herman Building Products, Clifton Moulding, and Madison Lumber.
“The cultural fit between our two companies is a perfect match,” said Buster Betz, president of Madison Lumber. “Joining the ECMD family of companies creates a stable future for our employees and allows our customers to enjoy the unparalleled service Madison Lumber provides them.”
ECMD said Madison Lumber will continue to operate independently post-acquisition and the company will eventually integrate various parts of its business when “it benefits Madison’s employees, vendors, and customers.”
