Smithfield, North Carolina-based Guy C. Lee Building Materials has announced that it has purchased all of the assets of E.W. Godwin’s Sons Lumber Company, one of Wilmington, North Carolina’s oldest family-owned businesses. Terms of the sale were not disclosed.
The purchase will provide Guy C. Lees the ability to fully integrate into the Wilmington market while still maintaining its nearby Sneads Ferry and Shallotte locations.
Speaking about the purchase, Cory Jameson, CEO of Guy C. Lee, said the Godwin name will remain on the business for the foreseeable future, and the transition has been smooth. “Our two cultures align well with both Godwin and Guy C. Lee being family run.”
Jameson added that the Godwin and Lee families have known each other for many years throughout the lumber business so it was an obvious collaboration for both companies. While Godwin’s was formed early in the 20th century, Guy C. Lee was founded in Smithfield in 1924 and now has offices in North and South Carolina.
“We see this as a win for both parties, and the future is bright,” Jameson said, believing that the deal will expand Guy C. Lee’s foothold in Brunswick and southern Onslow counties. “We value the Godwin family as well as the employees that bring their business to life,” he said. “Every single person on staff will be able to stay on. We look forward to serving the Wilmington market.”
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E.W. Godwin's Sons Lumber Is Sold