Stella-Jones signs agreement to purchase wood pole manufacturing business of Texas Electric Cooperatives, Inc.
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Stella-Jones signs agreement to purchase wood pole manufacturing business of Texas Electric Cooperatives, Inc.
September 20, 2022

Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) has announced that it has entered into a definitive agreement to purchase substantially all the assets employed in the wood utility pole manufacturing business of Texas Electric Cooperatives, Inc. (“TEC”) for a total purchase price of US$28M plus inventories of approximately US$4M. Stella-Jones signs agreement to purchase[…]