May 12, 2016. /Lesprom Network/. Stella-Jones Inc. announced that its wholly-owned subsidiary, McFarland Cascade Holdings, Inc., has signed a definitive agreement to purchase the equity interests of 440 Investments, LLC, the parent company of Kisatchie Treating, LLC, Kisatchie Pole & Piling, LLC, Kisatchie Trucking, LLC and Kisatchie Midnight Express, LLC (collectively, "Kisatchie").

Kisatchie produces treated poles, pilings and timbers, with two wood treating facilities in Noble and Pineville, Louisiana. Kisatchie's consolidated sales for the year ended December 31, 2015 reached approximately $51.8 million.

The definitive securities purchase agreement provides for a purchase price of $42.5 million which includes $10 million of working capital and is subject to adjustments.

The transaction is expected to close during the 2Q 2016 and is subject to customary closing conditions. Stella-Jones plans to finance the transaction through a combination of debt financing and a vendor note.

Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products.