Six-unit r.k. Miles, Manchester, Vt., has agreed to acquire the four lumberyards of “friendly competitor” Allen Lumber, Barre, Vt.
Founded in 1888, Allen Lumber has branches in Barre, Montpelier, St. Johnsbury, and Waitsfield, Vt. Miles has a like number of yards in Vermont, plus two in Massachusetts.
The deal is set to close March 31. Except for a name change, co-owner Burnie Allen expects business to continue as usual. He and brothers Gary, Steven and Tom intend to stay on. They said they began formulating a transition plan before the death three years ago of a fifth brother, Paul Allen.