TULSA, OK--(Marketwire - June 3, 2010) - Cedar Creek announces the purchase of Alamo Forest Products wholesale distribution locations in San Antonio, Houston and Harlingen, Texas. The transaction is structured as an asset purchase.
Clark Wiens, Vice President of Business Development for Cedar Creek, who led the acquisition effort, said, "We view this as a great opportunity to increase our presence in Texas and enhance our reputation for premier service."
Bill Adams, CEO of Cedar Creek, added, "This acquisition underscores our commitment to growing the footprint of Cedar Creek to better serve our existing customers and open new markets."
"We have known Cedar Creek for years," said Alamo's George Vaughan. "We believe that our distribution company is a great fit for them, and that our customers and employees will be well-served by this change."
Cedar Creek is a leading wholesale building material distribution company with headquarters in Tulsa. In May, it was recapitalized by Boston-based Charlesbank Capital Partners, with the goal of providing flexible capital for the company to grow beyond its current trade areas.
Contact Information:
Cedar Creek Contacts:
Jim Shalvoy
704-905-0139
Clark Wiens
918-625-4692
Bill Adams
214-354-5541