Specialty Building Products to Acquire Reeb Millwork
Specialty Building Products, LLC, a leading North American distributor of specialty building products, announced today the signing of a definitive agreement to acquire Reeb Millwork Corporation, a market-leading fabricator and supplier of interior and exterior doors.
Following the acquisition, Reeb will continue to operate under its current brand name, geographic locations, and management team, led by Chief Executive Officer Scott Kerr, as part of SBP. The transaction’s terms were not disclosed.
Reeb has built and advanced its position as the largest door fabricator in the Eastern United States for more than two decades, offering a comprehensive portfolio of premium door and general millwork products.
SBP and Reeb will collaborate in the future to expand with door products and eventually serve the category across SBP’s entire footprint.
Reeb represents SBP’s entry into the expanding Door Category and is consistent with SBP’s growth strategy of investing in and acquiring high-performing and complementary businesses that enable geographic and market segment expansion.
“We are thrilled to welcome Reeb to the SBP family,” SBP President and CEO Jeff McLendon stated.
“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 CEO Scott Kerr added, “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.”
Subject to the satisfaction of customary closing conditions, the transaction is expected to close before the end of October 2021.