McMunn & Yates Announcement
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Weber Construction Ltd. and McMunn & Yates Building Supplies Ltd. are pleased to announce that they have signed a purchase transaction agreement whereby McMunn & Yates will acquire the retail assets of Weber’s Building Centre and Weber Furniture and Appliance Centre in Yorkton and Kamsack, SK. The effective date of this transaction is September 19, 2011.
Weber Construction Ltd., owned and operated by Brent and Brian Weber and founded by Charles Weber, has successfully operated in Yorkton market since 1951. Speaking on behalf of the family, President Brent Weber stated: "We are very pleased to enter this transaction with McMunn & Yates. They are a dynamic company and have the people and resources in place that will benefit our staff and customers. Over the years it has been a true pleasure to serve our builders and retail customers in both Yorkton and Kamsack. It has also been a great experience to work with all of our dedicated staff members."
Jason Yates, President of McMunn & Yates, stated: "we are pleased to have this opportunity to enter these two growing markets. The Weber stores are well respected in the industry for their quality of staff and the service that they provide. We have similar cultures and are confident that the Weber stores will be a great fit with our existing operations."
"We are excited to be working with the current employee teams at both the Yorkton and Kamsack locations. We are also looking forward to becoming part of the communities," added Jason Yates.
According to Brent Weber the sale will signal the end of his and his brother’s venture in the building supply and furniture industry; however they will continue to operate their construction division, which has been in business for 60 years.
Changes to the storefronts will be made to incorporate the McMunn & Yates banner and additions to the merchandising mix and point-of-sales system will be made over time.
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