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Doman Building Materials Group Ltd. completes acquisition of Southeast Forest Products Treated assets to expand its presence in the southern and eastern US markets

Mar 01, 2024•almost 2 years ago

Acquiring Company

Doman Building Materials Group Ltd

Acquired Company

Southeast Forest Products Treated Ltd

VancouverMontgomeryBuilding MaterialConstructionManufacturing

Description

Doman Building Materials Group Ltd. has announced the completion of the acquisition of two lumber pressure treating plants and related assets from Southeast Forest Products Treated, Ltd. This strategic acquisition strengthens Doman's footprint in the central US and expands its operations into eight new states, reinforcing its position in the southeastern US markets and select Eastern states, in line with the company’s growth strategy.

Company Information

Company

Doman Building Materials Group Ltd

Location

Vancouver, British Columbia, Canada

About

Doman Building Materials Group Ltd. is Canada’s only fully integrated national distributor in the building materials and related products sector, operating multiple treating plants, planing and specialty facilities, and distribution centers coast-to-coast in all major cities across Canada and select locations across the United States. As a publicly traded company, Doman Building Materials Group Ltd. is focused on strategic growth and expansion in the building materials industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed