Business Operations

Coors Family Buys Stake in MJB Group

“We intend for MJB Wood Group to continue to operate independently.”

AC Summit LLC, a holding company representing the interests of some members of the Coors family, is investing in MJB Wood Group, Irving, Tx.

“We have admired MJB Wood Group and its executive team for years, and our due diligence confirmed that it is an extremely high-quality organization with an outstanding culture,” said Casey Gebhard, CFO of Golden, Co.-based AC Summit. “We intend for MJB Wood Group to continue to operate independently.”

Joe Caldwell, president and CEO of MJB, added, “This partnership will support future growth with value-added manufacturing and supply chain solutions while continuing to build on our strong reputation of exceptional service to our customers and supply partners. We are excited to work with the AC Summit team, and we believe they are uniquely positioned to provide growth capital and expertise for future expansions in the building products industry.”

The deal was expected to close by the end of April.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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