Source: LaPresse.ca
  • Stella-Jones (SJ) announced that its U.S. subsidiary has acquired the shares of Cahaba Timber, Inc. for a total purchase price of US$36.5 million
  • Cahaba Timber is a well-established producer of pressure-treated poles and pilings
  • Cahaba Timber’s sales for the year ended December 31, 2020 reached approximately US$41 million
  • Stella-Jones is a leading producer and marketer of pressure-treated wood products for electrical utilities and railroad operators
  • Stella-Jones Inc. (SJ) opened trading at C$42.25 per share

Stella-Jones (SJ) announced that its U.S. subsidiary has acquired the shares of Cahaba Timber, Inc. for a total purchase price of US$36.5 million.

Cahaba Timber is a well-established producer of pressure-treated poles and pilings. Cahaba Timber’s sales for the year ended December 31, 2020, reached approximately US$41 million.

“We are excited to welcome the employees of Cahaba Timber to the Stella-Jones family,” said Eric Vachon, President and CEO of Stella-Jones.

“We expect the acquisition of Cahaba Timber to yield synergies and to be immediately accreditive to earnings as we continue to improve Stella-Jones’ ability to provide the North American utility industry with high quality treated wood products.”

Stella-Jones is a leading producer and marketer of pressure-treated wood products. The company supplies North America’s electrical utilities and telecommunication companies with utility poles, and the continent’s railroad operators with railway ties and timbers.

Stella-Jones Inc. (SJ) opened trading at C$42.25 per share.

More From The Market Online
HPQ Silicon - President & CEO, Bernard Tourillon.

HPQ (TSXV:HPQ) and PyroGenesis (TSX:PYR) unveil reactor image

HPQ Silicon Inc. (HPQ) has captured the first image of its GEN3 PUREVAP Quartz Reduction Reactor (QRR) pilot plant plasma...
HPQ Silicon - President & CEO, Bernard Tourillon.

HPQ (TSXV:HPQ) and PyroGenesis (TSX:PYR) complete plant phase

HPQ Silicon (HPQ) and PyroGenesis Canada Inc. (PYR) have achieved the system integration validation phase for...
The Market Online Video

Strategic Resources signs green hydrogen agreement with Cipher Neutron

Strategic Resources (TSXV:SR) and Cipher Neutron will study supplying a metallurgical facility with Anion Exchange Membrane Electrolysers.