Buy Ipe Direct, Greenwood, S.C., has been acquired by a competing online direct-to-consumer wholesaler of exotic hardwoods, Ipe Woods USA, Salt Lake City, Ut.
Buy Ipe Direct has been a leader in the ipe and garapa markets since it entered the online market in 2014 and launched its website in 2015. Ipe Woods USA president Steven Rossi was among those involved in the initial launch.
Although the acquisition is complete, integration of the two companies is expected to take time, since the core of Buy Ipe Direct’s distribution is on the East Coast. An eventual transition to Ipe Woods USA’s strong nationwide shipping network will help reduce shipping time and potential problems.
It will also give customers access to new species in 2019, including massaranduba, tigerwood, purpleheart and sapele.
Launched in 2017, Ipe Woods USA recently moved its headquarters recently to Salt Lake from Cheyenne, Wy., in an effort to streamline its business model.