Archives: Acquisitions

Carbotech Group recently expanded its business with the acquisition of the Sawquip, a manufacturing company specializing in the design and manufacture of sawmill equipment for the primary and secondary breakdown of logs into lumber. Carbotech Group plans to further broaden its expand with the fresh inclusion of the range of products that came with the[…]

With the goal of further strengthening its own market position in Asia, the EGGER Group acquired a 25.1% stake in the Thai wood-based material manufacturer Panel Plus Co., Ltd. Sustainable international growth is an essential part of the EGGER Group’s strategic agenda. In addition to the production and distribution of its products in Europe and[…]

BID Group’s acquisition of YGE Inc. has been announced. This strategic transaction further enhances BID’s product offering within the wood processing saw and tooling sector, while also extending BID’s industry-leading product and service offerings across the entire operational life cycle. YGE Inc stands as an innovative supplier and service provider specializing in top-tier saw guides,[…]

BSW Timber Ltd, the largest integrated timber and forestry business in the UK, and a member of Binderholz, has acquired Scott Group, a leading supplier of timber pallets and bespoke timber packaging solutions. Based near Dunfermline in Scotland, with an annual turnover in excess of £250m and 1,300 employees, Scott Group is an award-winning, sustainable[…]

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[…]

Surging interest in sustainable construction has seen one of New Zealand’s oldest mass timber businesses combine with one of the youngest. After 64 years in McIntosh family ownership TimberLab Solutions has joined the Red Stag group following a share sale completed last week. TimberLab has been the company behind many of the iconic large-scale glulam[…]

Two of New England’s top performing eastern white pine manufacturing facilities will join forces reports LBM Journal, as Hancock Lumber has announced its plans to acquire Madison Lumber Mill. Hancock Lumber’s eastern white pine operations will expand to four mills with its first sawmill acquisition in over 20 years. While Hancock Lumber will be purchasing Madison Lumber[…]

USNR, a division of Wood Technologies International, has announced that it has acquired Timber Automation, an industry leader in wood processing equipment and technology. The combination solidifies USNR’s leadership position in providing equipment and technology to the global wood processing industry, adding more than 250 employees and over 200,000 square feet of manufacturing space. The[…]

Pewag Group, a global leading company in traction chain devices and industrial chain solutions (founded 1479), today announced recently it had completed the acquisition of Wallingford’s Inc. and BABAC Inc, a leading U.S.-based provider of forestry traction devices, forestry supplies and snow chains. Wallingford’s and BABAC have been consolidated as part of pewag’s Traction and[…]

48forty Solutions – Alpharetta, GA– 48forty Solutions (“48forty”), a leading national provider of recycled pallets and pallet management services, has announced that it had completed its first carve-out acquisition, purchasing the pallet recycling division operations (“Pallet Recycling Division”) of Girard Wood Products (the “Company”). The terms of the transaction were not disclosed. Girard Wood Products[…]