Industry News

Vermont Lumber Dealer Merger on Hold

The proposed sale of four-unit Vermont dealer Allen Lumber Co. to six-unit r.k. Miles Inc. has been postponed 10 months, due to the state’s current stay-at-home order. The deal, signed in January and originally set to close March 31, is being pushed back until the end of November.

The proposed sale of four-unit Vermont dealer Allen Lumber Co. to six-unit r.k. Miles Inc. has been postponed 10 months, due to the state’s current stay-at-home order.

The deal, signed in January and originally set to close March 31, is being pushed back until the end of November. According to president Joe Miles, COVID-19- related restrictions on gatherings prevented the training of staff and the upgrading of systems that had been expected to go smoothly.

Allen’s branches in Barre, Montpelier, St. Johnsbury and Waitsfield, Vt., were supposed to begin operating under the r.k. Miles name effective April 1.

Preparations for the transition continue, with the intention of finalizing the acquisition on or near Nov. 30.

Based in Manchester, Vt., r.k. Miles operates four yards in Vermont and two in Massachusetts.

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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