MONTREAL, GLOBE NEWSWIRE — Stella-Jones Inc has announced that it has completed the previously disclosed acquisition of the shares of Cahaba Pressure Treated Forest Products, Inc. through its U.S. subsidiary. The purchase price totaled US$66 million, including working capital, which is estimated at US$8 million.

Cahaba Pressure manufactures, distributes, and sells treated and untreated wood poles, crossties and posts and provides custom treating services, primarily utilizing creosote, copper naphthenate, and pentachlorophenol at its wood treating facility in Brierfield, Alabama. The consolidated sales for the year ended December 31, 2020, totaled approximately US$56 million.

“We are pleased to welcome the employees of Cahaba Pressure to Stella-Jones,” stated Eric Vachon, President, and CEO of Stella-Jones. “This acquisition strengthens our leadership position in the product categories that we serve and supports our strategy to drive continued growth.”