Stella-Jones Inc. (TSX:SJ), through its U.S. subsidiary, agreed to acquire Cahaba Timber, Inc for $36.5 million on November 3, 2021. The consideration value includes working capital, which is currently estimated at $4 million. Cahaba Timber?s sales for the year ended December 31, 2020 reached approximately $41 million. The transaction is subject to customary closing conditions. Stella-Jones plans to finance the transaction through its existing credit facilities. The transaction is expected to close before the end of December 2021.
Stella-Jones Inc. (TSX:SJ) completed the acquisition of Cahaba Timber, Inc on November 19, 2021.