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BMC West, a division of BMHC, has announced the sale of three lumberyards in western Colorado to Harbert Lumber, a two-unit dealer based in Junction City. The sale price was $11.4 million, including $9.6 million in cash and $1.8 million in notes receivable.
The transaction involves all three BMC West distribution yards in western Colorado: Steamwood Springs, Glenwood Springs, and Aspen. These operations generated approximately $40 million in sales in 2006, according to BMHC. Employees will be offered jobs by the new owners, BMHC said in a prepared statement.
Robert Mellor, BMHC’s chairman, president and CEO, explained that the company is shifting away from retail-oriented operations in favor of value added products and services like manufacturing and installation.
“We remain focused on ensuring our operating facilities are optimally located and provide the right range of professionally oriented products and services to drive growth and operating efficiencies,” Mellor said.
Harbert Lumber, established in 1937, also operates NorthStar Lumber in Edwards, Colo., as well as High Desert Door, Wholesale Truss, and Ute Canyon Installation.