Wayne, Pa.-based LBM buying group LMC hit new heights in 2016 — dealer purchases exceeded $3.8 billion, a 13.4% increase compared to the previous year.
“This represents an all-time record year in the history of our co-op,” LMC president John Somerville said. Nineteen new stockholder companies joined LMC in 2016 while existing dealers added 32 new locations to their ranks. There are more than 1,400 LMC dealer locations in the United States and the Bahamas, and collective retail sales of those dealers is about $12.4 billion, the company said.
“LMC dealers are positioned well for capturing growth,” Somerville said, in a prepared statement. “Going forward we plan to better utilize our collective power to help each of our dealers grow their business, to be the most competitive and most reputable and trustworthy source of information and products in the industry.”
Somerville shared the results during the buying group’s annual meeting in New Orleans, which included a New Products Area of 95 exhibits, and a showcase for the newly re-launched private label ModernView Brands, offering exclusives in windows, decking and cabinets.