Specialty Building Products to Acquire Reeb Millwork Corp.September 30th, 2021 by Editor
North American specialty building products distributor Specialty Building Products (SBP) has signed a definitive agreement to acquire Reeb Millwork Corp., a fabricator and supplier of interior and exterior doors. Reeb will maintain its existing brand name, geographic locations and management team, led by CEO Scott Kerr, as part of SBP, who notes the expansion will expand the company into the door category. Terms of the transaction were not disclosed.
“We are thrilled to welcome Reeb to the SBP family,” said Jeff McLendon, president and CEO of SBP. “Scott and his entire team share our customer-centric culture and passion for reducing complexity and delivering the value-added products our dealers and their customers need and require. Our expansion into the door category underscores our longstanding commitment to bring the best brands and highest value specialty building products to our dealers serving the repair and remodel and new construction marketplaces. Reeb has an outstanding reputation across the industry, and we are excited to enter this new category alongside such a talented and hard-working team.”
Reeb has built and advanced its reputation as one of the largest door fabricators in the Eastern United States, over the last two decades, according to SBP. The company offers door and general millwork products. Reeb will be SBP’s entry into the door category and the acquisition is consistent with SBP’s strategy to grow by investing in and making acquisitions of high-performing, complementary businesses that enable geographic and market segment expansion.
“We conducted a thorough process and are confident that joining SBP is the optimal way forward for our business, employees, customers, suppliers and local communities. SBP is a highly respected company that has the long-term mindset, expertise and resources we need to support Reeb’s continuing journey to becoming the leading door supplier in the industry. In SBP, we have found the right home. Reeb President, Dan Schaffer, the founding family, my colleagues and I are excited to enter this next phase of growth with the SBP team,” added Kerr.
The acquisition is expected to close before the end of October 2021, subject to the satisfaction of customary closing conditions. Terms of the transaction were not disclosed.
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