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Palmer-Donavin, Columbus, Oh., is expanding into the Southeast with the acquisition of five-unit wholesaler Diamond Hill Plywood, Darlington, S.C.
Founded in 1945 by the Ramsey family, DHP has served eight states from its warehouses in Virginia, Tennessee and the Carolinas, under the leadership of John and Jim Ramsey, and will continue to operate under the Diamond Hill Plywood name. DHP’s 110 employees are now part of the Palmer-Donavin Employee Stock Ownership Plan.
“We are pleased to be able to come together as two leading distributors in our industry,” said Palmer-Donavin CEO Robyn Pollina. “Diamond Hill Plywood and Palmer-Donavin are better together. We can grow more eff
ectively together than as two separate companies. This year, we plan to learn from one another and will work together with a goal of continuing our mission to deliver more to our dealers, partners, and employees.”
Palmer-Donavin operates eight other distribution centers in the upper Midwest, overlapping with DHP only in Tennessee, Kentucky and West Virginia.