FOR IMMEDIATE RELEASE
Vernon Hills, IL — November 8, 2017—The Würth Group, the world leader in distribution of fasteners, today announced that it has signed a definitive agreement to acquire Dakota Premium Hardwoods, the Texan trailblazer in the hardwood and lumber industry to the cabinet manufacturing and building materials segment. Dakota’s model is unique, which has allowed them to grow rapidly in their mere 10 years in business. The current management team of Dakota will remain unchanged, including Ron Mazzarella as COO, who stated “I am so energized by this alignment and very excited about my role in growing Dakota into a huge success. The synergies and potential are amazing.”
"The Dakota team is world class, and is passionate about the same thing we are—offering the best products and most complete one-stop buying experience for our customers," stated Thomas O’Neill, Executive Vice President of Würth Line Craft North America. "Dakota Premium Hardwoods will continue to operate independently, servicing their existing and new customers. We are excited for Würth’s entry into the hardwoods and lumber product segment and hope to learn a great deal from Dakota. Furthermore, we are looking forward to increasing Dakota’s purchasing power and expansion abilities through the Würth umbrella."
Dakota carries many of the same brands as the other Würth Wood Division companies, as well as a large assortment of hardwood and lumber products. Dakota Premium Hardwoods was founded in 2008 by A. Price Brashear Iv and operates in the state of Texas, with a headquarters in Waco and five other full-service locations in Austin, Dallas, El Paso, Houston, and San Antonio. Brashear is excited about the future and stated, “The potential for the combined entities are astounding, Wurth’s scale and Dakota’s operational model and go to market strategy will make for an exciting and prosperous future”
The acquisition remains subject to customary closing conditions.