James Jones and Sons Ltd and Stella SpA of Italy, has completed the purchase of RAM Forest Group in Ontario for a total purchase price of CAD $60 Million.
Stella-Jones Inc., the company created through the joint venture between James Jones and Sons Ltd and Stella SpA of Italy, has completed the purchase of RAM Forest Group in Ontario for a total purchase price of CAD $60 Million. Ram Forest Group manufactures and sells pressure treated wood products and accessories to the retail building materials industry.
Ram Forest Products operates a wood treating facility in Gormley, Ontario and Trent Timber Treating operates a wood treating facility in Peterborough, Ontario. Ramfor Lumber is a lumber purchasing entity serving Ram Forest Products and Trent Timber Treating. in 2014 the combined businesses had a turnover of CAD$90.4 Million.
Brian McManus, President and Chief Executive Officer of Stella-Jones. commented:
“The acquisition of Ram Forest Group further enhances Stella-Jones’ offering of treated wood products to the retail market. We expect this transaction to yield synergies and to be immediately accretive to earnings, as we aim to optimise operating efficiency across our continental network,”