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
Interfor To Acquire Arkansas Sawmill From The Price Companies
Interfor To Acquire Arkansas Sawmill From The Price CompaniesInterfor Corporation recently announced that it has reached an agreement with The Price Companies, Inc. to acquire Price’s sawmill in Monticello, Arkansas. The Monticello Sawmill is located in Southern...
Welcome To The Anything-Can-Happen Southern Pine Industry
Welcome To The Anything-Can-Happen Southern Pine IndustryArticle by Rich Donnell, Editor-In-Chief, Timber Processing May 2015 Does it seem like a lot has happened in the southern pine sawmill industry since the SFPA Expo was held June 5-7, 2013 in Atlanta? Well, if...
Simpson Lumber Company Announces Washington Mill Closures
Simpson Lumber Company Announces Washington Mill ClosuresSimpson Lumber Company LLC delivered a blow to the city of Shelton, announcing that the company will close two mills, which will result in about 270 jobs lost. The closures are part of an asset sale agreement...
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.