International Forest Products LLC (IFP) to acquire all of the equity of Price and Pierce Forest Products Ltd., subject to due diligence, as the company says in the press release received by Lesprom Network.
Based in Woking, England, Price and Pierce is a major distributor of timber and panel products providing just-in-time service for UK merchants and retail groups. Price and Pierce will operate as a division of IFP with the present management team remaining in place under the leadership of Stephen Pitt.
“We are excited about the acquisition of Price and Pierce and the addition of their team to the IFP family,” said Daniel Kraft, President and CEO of IFP. “This is another step in the further development of IFP’s Solid Wood Division and will provide new opportunity for future growth.”
IFP is a member of the Kraft Group of companies and is one of the largest traders of forest products commodities in the world.
