In addition to plants in Oregon, Nevada and Arizona the business also operates a wood concentration yard in Texas. The companies are involved in the manufacture of treated wood utility poles and railway ties, along with a variety of lumber related products, and are wholly complementary to the existing Stella-Jones business.
In the financial year ended October 31, 2013 the sales of Pacific Wood reached approximately US$60.3 million.
Brian McManus, President and Chief Executive Officer of Stella-Jones commented:
“The acquisition of these facilities allows Stella-Jones to further enhance its offerings in the North American wood treating industry and expand its capability to supply the continent’s railroad and utility industries. We expect this transaction to be immediately accretive to earnings and to yield synergies, as we continue to optimise operating efficiencies across our continental network,”
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