Cherry Tree Advises Villaume on its Sale to US LBM
US LBM Acquires Villaume Industries
Leading building materials distributor expands presence in the Minneapolis-St. Paul area
US LBM, a leading distributor of specialty building materials in the United States, has acquired Villaume Industries, a manufacturer of wood trusses for new residential and commercial construction and of custom wood crating, boxes and pallets in Minnesota.
Based just outside of St. Paul in Eagan, Minn., Villaume is a leading designer and manufacturer of precision wood products. The company provides floor and roof trusses for national, regional and local homebuilders in the Twin Cities metropolitan area and across Minnesota. Additionally, Villaume engineers and manufactures custom wood packaging of pallets, crates and cores for manufacturing companies.
With the addition of Villaume, US LBM now operates 21 locations in Minnesota through its network of divisions in the state, which include Lampert Lumber, NexGen and Lyman Companies; Villaume will operate as a unit of Lyman.
“Villaume has a reputation for both excellence and partnership, and we’re pleased to have them join the US LBM team,” said US LBM President and CEO L.T. Gibson. “Villaume’s capabilities and footprint complement Lyman and its addition to our portfolio enhances our already strong position in the growing Twin Cities market and beyond.”
US LBM is a leading distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. For more information, please visit www.uslbm.com.
US LBM Communications
SOURCE US LBM
Cautionary note regarding forward-looking statements.
This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2008 (as updated in our subsequent reports filed with the SEC). These reports are available under the “Investors” section of our Web site at www.xata.com and through the SEC Web site at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.