Northwest Hardwoods Completes Acquisition Of Industrial Timber & Lumber
Northwest Hardwoods Inc. (NWH) has recently completed the acquisition of Industrial Timber & Lumber Company (ITL) based in Beachwood, Ohio. NWH is headquartered in Tacoma, WA and has operations in the United States, Canada, China, and Japan.
ITL is one of the largest global suppliers of North American hardwood. It sells over 200 million board feet of high quality hardwood lumber annually and has approximately 400 employees. ITL owns two integrated sawmills, four concentration yards and one dedicated service center with operations in Ohio, West Virginia, North Carolina and Pennsylvania.
“We couldn’t be more pleased to acquire a great company like ITL to better serve our customers. NWH is adding a business with highly motivated and experienced employees, outstanding quality products, highly automated and efficient mills, and an attractive worldwide customer base that relies on ITL for essential products and industry leading customer service. The highly respected ITL brand name is the perfect compliment to the NWH brand which has been recognized as the ‘Gold Standard’ for hardwood for nearly 45 years,” said TJ Rosengarth, President and CEO for NWH.
“Our employees are very excited about this combination of two great companies. Our customers have grown accustomed to the high quality products and industry leading service model that ITL provides. This combination with NWH will allow us to better serve those customers with an even wider array of products” said Larry Evans, President of ITL who will continue to lead the ITL organization for NWH as it operates as a wholly owned subsidiary of NWH.
From: Business Wire: businesswire.com.
RELATED ARTICLES
Northwest Hardwoods Reconfigures
Collins Appoints TJ Rosengarth President & CEO
Northwest Hardwoods: 20-Year Project
Latest News
Ligna Changes 2021 Show Dates
Organziers of the Ligna show—Deutsche Messe and VDMA—announced that the large woodworking machinery event next year is rescheduled from May to September 27 to October 1, 2021. The announcement comes in view of ongoing developments and…
Northwest Hardwoods Reconfigures
Northwest Hardwoods, Inc. (NWH) reports it has entered into a restructuring support agreement (RSA) with holders of more than 95% in principal amount of the company’s secured notes and certain of its existing equity holders to execute…
Kalmar Forklifts ChargePod
Kalmar, part of Cargotec, has launched its containerized ChargePod solution for electrically powered forklifts. The solution addresses growing customer demand for cost-effective mobile outdoor charging solutions and is ideal for customers…
SFPA, Hatton-Brown Join Forces For 2021 Conference
Southern Forest Products Assn. (SFPA) and Hatton-Brown Publishers, Inc., publishers of Timber Processing magazine, have announced a collaboration…
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.