Hilo-based HPM Building Supply (HPM) today announced that it is merging with local, longtime, family-owned business, Miyake Concrete Accessories, Inc. (Miyake), which operates four building supply stores and one truss manufacturing plant on Maui.

HPM Building Supply was founded in Hilo in 1921 by Kametaro Fujimoto, the great greatgrandfather of current President and CEO Jason Fujimoto.   HPM has five locations on Hawaii Island, one on Oahu and two on Kauai.  HPM specializes in lumber, building materials, paint, tools, trusses, wall panels, metal and composite roofing, kitchen and bath, and pre-designed house plans.

After Maui native and U.S. Army 173rd Airborne Brigade Combat Team veteran David Miyake returned to civilian life in 1970, he started working at a concrete accessories store in Wailuku. The store’s owner later retired, and Miyake eventually bought the business in 1979. He changed its name to Miyake Concrete Accessories, Inc.  Miyake has five locations on Maui, including in Wailuku, Makawao, Kihei and Lahaina.  The company specializes in concrete and rebar, lumber, drywall, and hardware.

The merger, effective August 24, 2020, expands HPM’s presence statewide.   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 percent employee owned through its employee stock ownership plan, all Miyake staff members will become HPM owner-employees.  HPM  was ​one of Hawaii’s first businesses to establish an employee profit-sharing plan in 1959, and in 1977, became one of the first companies in the state to be employee owned.

“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.  All of us at HPM welcome the Miyake team to our ohana and look forward to embarking on this journey together.”

Miyake Concrete Accessories CEO David Miyake, who founded the company in 1979, said, “I built my business on service and relationships, and I am happy for our customers because HPM shares this same philosophy. Now contractors, builders and homeowners on Maui will have a wider selection of products and services and more one-stop convenience.  I am happy for our staff because they will enjoy more benefits as owner-employees, and HPM will invest in their success. I am also happy for our Maui community because, like us, HPM is a big supporter of the community. I am very proud of what we have built over the last 41 years, and I am excited about this new chapter.”

For more about the new company, visit miyakehpmhawaii.com