Stella-Jones to acquire Alabama-based Cahaba Timber for $36.5m
Canadian logging company Stella-Jones has agreed to acquire Cahaba Timber through its US subsidiary for $36.5 million.
Based in Brierfield, Alabama, Cahaba Timber is engaged in producing treated poles and pilings, mainly using CCA, CCA ET Clear, and CCA ET Brown. The company procures raw materials at its treating operations in Brierfield.
The sales of Cahaba Timber in 2020 were around $41 million.
Eric Vachon — President and CEO of Stella-Jones said: “The acquisition of Cahaba Timber will allow Stella-Jones to enhance its offerings in the North American wood treating industry and is consistent with our objective of continuing to increase shareholder value through accretive acquisitions.”
The deal, which is subject to customary closing conditions, is anticipated to close by the end of December 2021.