NEWS RELEASE for Immediate Release
Fullerton Companies Completes Sale of Fullerton Lumber—’The Builders Choice’ Supply Centers to Regional Retail Lumber Chain
Plymouth, Minnesota – October, 2016
Fullerton Companies, a pioneer Minnesota lumber and building materials company, has completed the sale of its group of lumber and building materials supply centers strategically located around the Greater Twin Cities area to Arrow Building Centers, a division of Consolidated Lumber Company. Announcement of the sale of Fullerton’s centers, including stores in Watertown and Glencoe, Minnesota, and the operations at Ellsworth and Osceola, Wisconsin, was made by David Walock, president of Fullerton Companies.
Commenting on the acquisition, Ron Schumacher, president and chief executive officer of Arrow Building Centers, praised Fullerton’s long history and outstanding reputation in the building materials supply industry, and called the acquisition of Fullerton Lumber’s supply centers “a great fit for Arrow’s current and long term plans.”
Marna Fullerton, chairwoman of the 134-year old Minnesota Company said “For more than a century, our family has been executing a successful business that remains focused on serving our customers and driving growth in the building industry.” “Our decision to move on from the lumber and building materials business was led by a strategic desire to focus on Fullerton’s rapidly growing factory-fabricated building systems and products business”.
“The sale of our building supply centers allows us to further support, with all of our resources, the growth and evolution of our two subsidiary companies operating at the leading edge of construction industry techniques—Fullerton Building Systems, a premier provider of panelized building packages, and Fullerton Finish Systems, the leading U.S. manufacturer of custom exterior factory-applied finishes for the construction industry”.
Fullerton Companies has emerged as an innovative, technological pioneer in the design and manufacture and a national leader in delivering “quick build” facilities for major national franchisors and food retailers, convenience store, and other retail centers such as McDonalds, Starbucks, Taco Bell, Costco, Panera Bread, Church’s Chicken, Hy-Vee, Caribou Coffee and a host of other national firms and brand names in the industry. Fullerton Building Systems is also continuing to pursue additional growth in other strategic markets such as multi-family, hospitality and medical.
Fullerton Companies remains positioned and committed to the development of advanced building techniques and materials for the construction industry into the 21st Century.
To learn more about Fullerton Building Systems and/or Fullerton Finishes Systems, contact Terri Elias at 800.450.9782, email firstname.lastname@example.org, or visit the website at www.fullertonbuildingsystems.com
Cherry Tree & Associates acted as exclusive investment banking advisor to Fullerton Lumber Company in this transaction