Cedar Creek has made a move to acquire Lake States Lumber.
Cedar Creek is a leading wholesale building material distribution company with 31 locations covering 37 states across the U.S. In May 2010, it was recapitalized by Boston-based Charlesbank Capital Partners with the goal to provide flexible capital for the company to grow beyond its current trade areas.
D. Wayne Trousdale, CEO of Cedar Creek, said, “Our acquisition of the outstanding Lake States organization provides Cedar Creek immediate entry into the important Upper Midwest market. Our two companies are a great fit both culturally and operationally”
Keith Laugen, CEO of Lake States Lumber, commented, “Connecting with a strong, growing building material distributor provides a solid future for all the employees of LSL while providing even more great products to our customers.”
Source: Cedar Creek