Acadian Timber Corp. has closed on the acquisition of approximately 16,000 acres of commercial-quality timberlands in New Brunswick, Canada.
M&A
The addition of Russell Plywood geographically expands Würth’s core woodworking business in Pennsylvania, Delaware, and New Jersey.
Eastwood Forests closed their acquisition of approximately 20,580 acres of forestland in Virginia and West Virginia, adding to the Climate Smart Forestry Fund portfolio.
Elliott Baxter has acquired 100% of the shares. The acquisition will generate combined group turnover in Ireland of circa Euro 50 million.
The agreements should reduce company's debt by approximately $1 billion.
Nordic Paper decides to explore a potential sale of the Company in response to Shanying’s announced intention to divest its 48.16% stake.
Besse is North America's premier private producer of wood products, boasting 10 state-of-the-art manufacturing facilities.
The addition of Vivabox enhances Veritiv's existing capabilities in kitting and design for complex projects and brings significant experience with retail and luxury and premium consumer brand customers.
Cobleskill Value-Added currently employs 65 people, with an intention to grow the workforce in the coming years. Irving Forest Products will also be investigating opportunities to maximize mill capacity and eventually expand.
Ubro SystemPac, with a turnover of approximately Euro 12 million will become part of OptiGroup’s Packaging business area and will continue to operate under its current brand.
Central Valley’s acquisition of Caseywood Corporation will result in an expanded footprint across Northern California, encompassing five retail locations three sourcing lumberyard locations, a design center, a door and window shop, two rail yards, and a combined workforce of approximately 240 employees.
With this acquisition, US LBM now operates two truss manufacturing facilities in Virginia; the company also operates five locations under the Barrons banner in the Washington D.C. metro area, which includes a truss facility, and two locations in the Richmond area as Massey Builders Supply.
Yak is a leader in the North American matting industry with a fleet of approximately 600,000 hardwood, softwood, and composite mats providing surface protection across both construction and maintenance, repair and operations applications.
Iivari Mononen Group has bought the entire share capital of the Irish PDM Timber Treatment Ltd and agreed to buy the entire share capital of the English Calders & Grandidge Ltd both owned by the French Saint-Gobain S.A.
Through this acquisition the Siempelkamp subsidiary increases its added value with important components in the complete woodyard field, including conveying technology.
OrePac to purchase the Western Timber business, with the deal estimated to close at or near the beginning of April, '24.
Everwood has invested in F&W Forestry Services, Inc. It also announced a major geographic expansion of its U.S. operations into the Inland Empire region with the acquisition of Idaho-based Inland Forest Management.
Koppers is acquiring Brown Wood for a base purchase price of $100 million in cash, subject to certain closing adjustments, and plans to finance the acquisition through cash and borrowing capacity.
In the near future, 84 Lumber will have increased its presence in California to eight locations, plus two additional facilities currently in the permitting process for La Mirada and Lancaster.
With the acquisition of Schrock Lumber, R.P. Lumber has six locations in Iowa.