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
Timber Prices Follow Lumber’s Sharp Climb As Annual Housing Starts Hit A Million
With new home construction hitting a million new starts a year for the first time since 2008, a national forest management firm reports that timber prices for large standing trees are rising off the bottom…
When Investing In More Production, Don’t Overlook Logging
Story by Dan Shell, Managing Editor This issue a special thanks goes out to those owners, managers, supervisors, shift leaders and others who have taken the time to complete Timber Processing’s annual Sawmill Capital Expenditure…
Canadian Lumber Producers Angry Over Rail Bottlenecks
Canada’s lumber producers ought to be enjoying the fruits of a U.S. housing recovery. Trouble is, they can’t take full advantage of it. The forestry companies say that a shortage of rail cars is causing…
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.