Apr 08, 2010. /Lesprom Network/. Stella-Jones Inc. has completed the acquisition of Tangent Rail Corporation, a provider of wood crosstie supply chain services to the railroad industry. Stella-Jones’ North American wood treating infrastructure now consists of 19 facilities, 11 of which are located in the United States, company said in a statement received by Lesprom Network. Tangent serves the railroad industry with treated wood products, mainly railway ties, through facilities located in Warrior, Alabama; Terre Haute and Winslow, Indiana; Alexandria, Louisiana and McAlisterville, Pennsylvania. The wood preservative, creosote, is produced at its distilleries in Terre Haute, Indiana and Memphis, Tennessee. Lifecycle solutions, consisting of tie pickup and tie disposal, are carried out at three facilities in Alabama, Minnesota and North Carolina. The purchase price totalled approximately $165 million, subject to post closing adjustments. “Tangent has built a reputation for excellence on the basis of a corporate culture that mirrors our own,” said Brian McManus, President and CEO of Stella-Jones. “This strategic acquisition solidifies our position as the second largest North American railway tie provider and takes Stella-Jones to a still higher level of product offerings and services. We expect the transaction to yield appreciable synergies and to be immediately accretive to earnings.” Stella-Jones Inc. is a leading North American producer and marketer of industrial pressure treated wood products, specializing in the production of railway ties and timbers as well as wood poles supplied to electrical utilities and telecommunications companies. The company also provides treated consumer lumber products and customized services to lumber retailers and wholesalers for outdoor applications.