BID Group Purchasing Smith Sawmill Service
BID Group has entered into an agreement to acquire Smith Sawmill Service. The transaction further expands BID’s product and service offerings to include the essential recurring saw and tooling capabilities required to support modern wood processing operations.
Smith Sawmill Service is one of the largest suppliers and service providers of saws, cutting tools, filing room equipment, and critical consumable products to the wood processing industry. Smith serves the North American market with both proprietary cutting technologies and industry-leading brands. With locations in Texas, Louisiana and North Carolina, Smith is a recognized service leader, equipped to meet the growing customer demand for personalized saw and knife repair and reconditioning solutions.
“The combination of our organizations’ capabilities is a natural fit given our shared emphasis on excellence in total customer experience,” says Steven Hofer, BID Executive Vice President, Strategy and Business Development. “Incorporating the Smith product and services into our BID turnkey and wood process system offerings further complements the investments BID has made in the development of its own cutting tools solution, Blade.”
“I am incredibly pleased with the opportunity to unite with an industry leader like BID,” adds Paul Smith, President and CEO of Smith Sawmill Service. “I would like to thank our team for their dedication and hard work to build a thriving business.”
The transaction is expected to close in the third quarter of 2022.
Latest News
Canadian Officials See Outline Of New Softwood Lumber Deal
Foreign Affairs Minister Chrystia Freeland says the outlines of a deal with the United States to resolve the softwood lumber dispute are in place. But she can't predict whether the persistent trade irritant will be settled before negotiations begin on Aug. 16 to...
Canada And U.S. Closing In On Softwood Lumber Deal
Canada would cap its U.S. market share at 30 percent, in an effort to settle the softwood lumber trade dispute, with the U.S. supplying the remainder. But resolving what happens if it can't make up the balance may be keeping an agreement from being reached. The U.S....
Pope Resources: Log And Lumber Export Demand Adds Tension To Pricing
Lumber supplier Pope Resources says a new sawmill in Washington and diminished imports of Canadian logs are driving up its prices. "Log markets in our operating regions are strong due to a multitude of demand and supply factors," said Tom Ringo, President and CEO....
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.