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Mead Lumber, the regional LBM chain with locations in seven Midwestern states, has purchased four locations of Fullerton Building Center, according to an announcement on its website.
The stores are located in Yankton, S.D., and Vermillion, Winner, and Norfolk, Neb. Fullerton will still operate its lumberyards in Iowa, Minnesota and Wisconsin.
“The geographic location and size of these stores make them a great fit for Mead Lumber’s growth plans,” said Craig Bradshaw, president of Mead Lumber.
Founded in 1910 by Morton Mead in Ashland, Neb., Mead Lumber is now headquartered in Columbus, Neb. Ranked 34th on the HCN Pro Dealer Scoreboard, the company operates 35 lumberyards, truss plants, hardware stores and mill shops in Colorado, Kansas, Montana, Nebraska, Oklahoma, South Dakota and Wyoming. Annual sales in 2010 were estimated at $104 million.
Mead Lumber has also recently purchased Sonny's Ace Hardware of Canon City, Colo., as well as another hardware store location in Pierre, Colo., through its Knecht Home Centers division.
Bradshaw told the Yankton Press and Dakotan, “We’ve been very fortunate during these times and have had some great opportunities to acquire some good retailers. We plan to continue to grow, and we’re actively still looking at other stores.”