Chase Lumber to Acquire Premium Door and Trim Company

Aurora, Colorado, USA, 12 May 2006 -- /PRNewswire/ -- Chase Lumber Company of Aurora, a leading regional building materials distributor and truss manufacturer, announced today its plan to acquire Platte Valley Lumber (PVL) of Ft. Collins, one of the nations' premier manufacturers of high-end architectural solid wood doors, trim, and moulding.

Chase Lumber, an affiliate of LBM Holdings, was founded in 1948 and is led by CEO Jim Adams. "We are thrilled to be partnering with Platte Valley Lumber to provide our customers with a more comprehensive array of products and service excellence," said CEO Adams. "PVL products are of exceptional quality, and provide our customers with the added products and capabilities, enabling us to meet and exceed their expectations."

Platte Valley Lumber, founded by Keith Gressman in 1981, will continue to grow using its innovative approach to high-end architectural millwork products and doors. "We are very excited about the future of our business and its alliance with Chase and LBM Holdings," said Platte Valley's Shari Murdock. "We will now have the capital and human resources we need to bring our business and customer service to the next level, while continuing to produce the great products we developed and have delivered over the last 25 years."

Platte Valley Lumber will continue to operate out of its new state-of-the-art manufacturing facility in Ft. Collins, and retain its name and brand. No Chase or Platte Valley personnel changes are expected with the acquisition and additional hiring is expected later in the year due to planned sales growth.

Source: Chase Lumber Company