Thursday, November 25, 2021
Stella-Jones Inc. has completed the previously disclosed acquisition of the shares of Cahaba Pressure Treated Forest Products, Inc. through its U.S. subsidiary. The purchase price totaled $66 million, including working capital, which is estimated at $8 million.
Cahaba Pressure manufactures, distributes and sells treated and untreated wood poles, crossties and posts and provides custom treating services, primarily utilizing creosote, copper naphthenate and pentachlorophenol at its wood treating facility in Brierfield, Alabama. The consolidated sales for the year ended December 31, 2020 totaled approximately $56 million.
Stella-Jones Inc. is a leading producer and marketer of pressure-treated wood products. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications.
Tags: Cahaba, COVID-19, forest products, Stella-Jones, woodworking, woodworking and manufacturing, woodworking industry, woodworking USA
