KEA‘AU — Local, fifth-generation, family-founded HPM Building Supply recently announced that it is merging with local, longtime, family-owned business, Miyake Concrete Accessories Inc., which operates four-building supply stores and one truss-manufacturing plant on Maui. The merger, effective Aug. 24, expands HPM’s presence statewide — augmenting its five locations on Hawai‘i Island, one on O‘ahu and two on Kaua‘i.
HPM Building Supply plans to renovate and rebrand the Maui stores, which will be called Miyake — HPM Building Supply. HPM plans to hire additional staff to supplement the current 35 Miyake employees. As HPM is 100% employee-owned through its employee stock ownership plan, all Miyake staff members will become HPM owner-employees.
“The name Miyake has been synonymous with trust, reliability and excellent service in the building industry on Maui,” said Jason Fujimoto, president and CEO of HPM Building Supply. “As longtime family businesses, we understand each other, and we are stronger together because of our shared island values, deep local roots and commitment to serving customers, employees and our communities.”