Mead Lumber Company announced the purchase of Component Manufacturing Company and Reaves Buildings of Sioux Falls, South Dakota. Component Manufacturing Company is a truss fabrication facility that manufactures trusses, wall panels and floor joists. Reaves Buildings designs and supplies engineered buildings. They have been servicing the upper Midwestern states of South Dakota, North Dakota, Minnesota, Iowa and Nebraska since 1973.
“Joining the Mead Lumber family marks a new chapter for everyone at Component Manufacturing Company and Reaves Buildings,” says Jeff Thue, president of Component Manufacturing Company and Reaves Buildings. “Mead Lumber’s unique approach truly aligned with our aspirations. The operation’s 100% employee-owned structure and deep-rooted community values reflect our own. This brings the ability to bring a larger offering to our customers, continued growth and the same customer-focused service.”
Both businesses will continue to operate under the Component Manufacturing Company and Reaves Buildings names. The current management team, under the direction of Jeff Thue, will continue to lead day-to-day operations at both Component Manufacturing Company and Reaves Building Systems. All of the current employees will remain and become employees of Mead Lumber.
“We are extremely excited to have Component Manufacturing Company and Reaves Buildings join our family,” says Dave Anderson, president and CEO of Mead Lumber. “Component Manufacturing Company and Reaves Buildings is a great fit culturally for us. It also allows us to expand and service customers in that region. We are looking forward to combining the strengths of our two companies, aiming to elevate the exceptional service our customers have come to expect.”