I am excited to announce that LBP has entered an agreement with ASI Building Products for the purchase of its Florida-based business. ASI currently operates two facilities in Tampa, and additional branches in Fort Myers, Ocala, Orlando, Daytona Beach, Melbourne and Riviera Beach. Under the leadership of Mike Patierno, ASI has been a longstanding leader in its local markets and will be a terrific addition to our current Florida representation. Following the purchase, Mike will retire from the active management of his company.
After the past several years of economic trials and tribulations in the country, and particularly in our industry, it is so exciting and fulfilling to once again be experiencing growth and expansion.
The acquisition is expected to be finalized in mid-November. We look forward to welcoming the ASI associates to the Lansing Team.