Sherwood Lumber Sells Northeast & Mid-Atlantic Engineered Lumber Business to U.S. Lumber Group

Sherwood Lumber has sold substantially all of the assets comprising its Northeast & Mid-Atlantic Engineered Lumber Business to US LUMBER.  This deal will provide the supply channel with two powerful options when making their selection for purchases of Forest Products and Engineered Lumber.  Over the next 4 weeks all Engineered Lumber customers of Sherwood Lumber will be provided an introduction and a plan for a smooth transition to US LUMBER which will occur on March 25th.  With this transaction both US LUMBER and Sherwood Lumber are very excited to be quickly moving toward their respective core competency; Sherwood Lumber being the premier wholesale distributor of Forest Products and US LUMBER the premiere wholesale distributor of Engineered Lumber Products and Specialty Building Products.

This transaction is part of Sherwood’s plan to focus on its largest and most successful component,  the wholesale distribution of Forest Products.  Sherwood Lumber remains committed and is excited to continue to distribute LP commodity panels, Flameblock, Legacy, and WeatherLogic.  Sherwood Lumber has been in the lumber and panel business for over 65 years and this transaction puts them in a place to thrive with extreme focus.  For US LUMBER this a perfect addition to their expanding Engineered Lumber business.  “We are very happy to know that there will be no disruption for our customers,” said Andy Goodman President and CEO of Sherwood Lumber.  “We cannot thank Sherwood Lumber and it’s team enough for all of their efforts in putting the customer first in everything that they do.  We at US Lumber are extremely excited to continue that customer centric focus as we work to meet the Engineered Wood needs of these dealers.” said Carl McKenzie of US Lumber.

About U.S. LUMBER

U.S. LUMBER was formed by the merger in 1998 of Atlantic Trading Company and Bestwood Forest Products and has since grown organically and through strategic acquisitions. The Company has built a reputation of trust and responsiveness through its constant focus on delivering highly personalized service to each customer. The Company offers one of the largest and broadest inventories of specialty building products in the industry. The Company, headquartered in Atlanta, serves over 7,000 pro-dealer and retail customers in 33 U.S. states.

About Sherwood Lumber

Founded in 1954, Sherwood Lumber is a national leader, innovator and solution provider to the Lumber and Building Materials Industries specializing in quality lumber and panel products. Sherwood Lumber provides customers with value added services, including just-in-time truckloads, mill direct shipment, forward pricing, risk management, and superior handling from company operated facilities. Sherwood Lumber Corporation’s family of associates are committed to being the company you prefer to do business with. Our commitment of superior service and quality with the utmost of integrity will gain the trust that is essential to a quality business relationship. “We’ll Be There”.

Contact:

Todd London – Senior Vice President Sales & Marketing – (631) 232-9191

Source: Sherwood Lumber Corporation