Specialty building materials distributor US LBM expands its network in the Albuquerque region, which has been a high-demand housing market.
Specialty building materials distributor US LBM acquired building products and manufactured components distributor RAKS Building Supply to expand its network in a high-demand housing market.
Founded in 1986 and headquartered in Los Lunas, NM, RAKS offers a portfolio of home-building supplies, such as lumber, floor and roof trusses, windows, doors and hardware to professional builders and contractors throughout central New Mexico. RAKS operates five locations throughout the Albuquerque metropolitan area, including an 11-acre full-line building materials yard, home center and truss manufacturing plant in Rio Bravo, along with full-line yards in Socorro, Edgewood and two in Albuquerque.
“The Albuquerque region continues to see high demand for housing, and with continued low inventory levels,” US LBM President and CEO L.T. Gibson said in a June 4 news release. “The addition of RAKS expands our network into a strong market that will continue to grow.”
With the acquisition of RAKS, US LBM now operates 12 locations across the state of New Mexico.
“We’re excited for the enhanced value and greater opportunities this partnership will create for our associates, customers and the community,” said Richie Tabet, who along with Kenny and Bobby Trujillo, will continue to lead RAKS’ day-to-day operations.
On June 3, US LBM named Russell Tiejema as its Executive Vice President and Chief Financial Officer.
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Vesna Brajkovic
Vesna Brajkovic is MDM’s Senior Editor, having joined the company in May 2023. She has more than seven years of experience as a B2B publication editor, having focused on the commercial trucking, railroad, transit, fleet maintenance, automotive aftermarket and aviation industries. Brajkovic most recently spent the past two-plus years as Managing Editor of Heavy Duty Trucking for Bobit Business Media — where she reported and edited news and features on the commercial trucking industry, managed eNewsletters and social media, coordinated print magazine production and developed content for events and multimedia such as podcasts and videos. She can be contacted at vesna@mdm.com.
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