Materials M&A » By The Online Investor Staff, updated Sat., Apr. 20, 1:21 AM
Recent mergers and acquisitions in the Materials M&A category.
| This Slide: #68 of 80 |
Slide #68. Stella-Jones Inc. — McFarland Cascade Holdings, Inc.
Acquirer:
Stella-Jones Inc. (TSE:SJ.CA)
Acquiree:
McFarland Cascade Holdings, Inc.
Details:
Stella-Jones Inc. announced that it has signed a definitive agreement to acquire the shares of McFarland Cascade Holdings, Inc., a provider of treated wood products based in the state of Washington. Stella-Jones announced on November 2, 2012 that it had signed a non-binding letter of intent to acquire McFarland. The definitive agreement provides for a purchase price of approximately US$250.0 million, up from the US$230.0 million previously disclosed, as a result of an increase of approximately US$14.0 million in delivered working capital and other applicable purchase price adjustments. Closing of the acquisition is expected to occur on or about November 30, 2012 and is subject to customary closing conditions.
Stella-Jones is a producer of pressure-treated wood products. Co. supplies all of the continent's key electrical utilities and telecommunication companies with wood utility poles, and North America's Class 1, short line and commercial railroad operators with railway ties and timbers. Co. also provides industrial products, which include wood for railway bridges and crossings, marine and foundation pilings, construction timbers and coal tar-based products. Additionally, Co. manufactures and distributes residential lumber and accessories to Canadian and American retailers for outdoor applications.
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