LMC, a leading Forest Products and Building Materials Buying Group in the US, is pleased to announce the official closing of its deal to integrate the Manufactured Housing Buyers Group (MHBG). This closing marks the official launch of LMC’s new Modular Division, a significant step in enhancing LMC’s market presence and service capabilities.
This milestone builds upon the initial announcement made in April, highlighting LMC’s commitment to expanding its service offerings and strengthening its position in the building materials market. The new Modular Division will be led by Jay Wilson, former Chief Negotiator of MHBG, who now joins LMC as the Vice President of the Modular Division.
Paul Ryan, LMC President and CEO, stated, “This is a transformative moment for both LMC and MHBG. The official launch of our Modular Division signifies our dedication to diversifying our market segments and improving our collective purchasing power. We are excited to welcome Jay Wilson and the entire MHBG team to LMC, as we work together to drive growth and innovation.”
Jay Wilson, Vice President of the Modular Division at LMC, commented, “I am honored to join LMC and lead the Modular Division. Our members, known for their independent entrepreneurial spirit, will greatly benefit from the expanded resources and opportunities that LMC provides. Together, we will create a competitive environment that allows our members to thrive.”
David Jessup, Chairman of MHBG and Owner of Jessup Housing, remarked, “This partnership is a pivotal moment for MHBG members. With LMC’s extensive network and resources, we can enhance our purchasing capabilities, access premium suppliers, and implement innovative procurement strategies. We are excited about the opportunities this collaboration brings.”
Furthermore, LMC is pleased to announce that David Jessup will become a member of the LMC Board of Directors. His extensive experience and insights will be invaluable as we navigate the future. With shared values of collaboration, innovation, and excellence, the integration of MHBG into LMC represents a united effort to navigate evolving market dynamics, mitigate supply chain risks, and capitalize on emerging opportunities. This strategic partnership underscores LMC’s commitment to empowering its members with enhanced procurement solutions, driving cost efficiencies, and fostering sustainable growth through diversification.
About LMC
LMC is a leading Forest Products and Building Materials Buying Group in the USA owned by independent lumber and building material dealers. There are over 1,800 LMC dealer locations in the United States. “Building Business Together” is LMC’s philosophy, rooted in a history of working together and standing the test of time since 1935. LMC dealers are united in their purchasing, creating a strong foundation that supports the growth of unique supplier relationships and purchasing opportunities. To learn more about LMC, please visit http://www.lmc.net or follow LMC on Facebook, Instagram, Twitter, and LinkedIn.
