International Paper (IP) announced that it has extended the Department of Justice’s review period with respect to the company’s acquisition of Temple-Inland. The new deadline has been moved from Jan. 27 to Feb. 13.
In a prepared statement, IP chairman and CEO John Faraci said: "We have been working constructively with the DOJ to address its concerns and anticipate entering into a definitive agreement on terms that are acceptable to all parties."
Toano, Va.-based Lumber Liquidators has agreed to acquire certain assets of Sequoia Floorings relating to Sequoia’s quality control and assurance, product development and logistics operations in China.
Contech Enterprises, a pet products supplier based in Victoria, B.C., Canada, has announced the acquisition of G&B Marketing of Vista, Calif. Terms of the deal, brokered by the Lawn and Garden Performance Group, were not disclosed.
An article just released by Standard & Poor's Ratings Services predicted that mergers and acquisitions among forest product companies will continue to increase over the next few quarters due to strong balance sheets and attractive financing terms. But this M&A activity will largely be contained to the paperboard and packing sectors, according to "Top Investor Questions For The U.S.
An investment group led by Paul Hylbert, former CEO of ProBuild Holdings, and Boreas Advisors have announced the acquisition and recapitalization of Barton Supply.
Barton Supply is a fabricator and distributor of structural and reinforcing steel products and accessories with locations in Aurora, Colorado Springs and Fort Collins, Colo., serving general contractors, foundation and framing sub-contractors, and home builders.
Worthington Industries, Inc, announced its acquisition of BernzOmatic, a manufacturer and marketer of hand-held torches, solder, and related items, from Irwin Industrial Tool Company. Specifically, the acquisition was made by the Pressure Cylinders segment of Worthington Industries. BernzOmatic manufactures from locations in Medina, N.Y., and Winston-Salem, N.C.
CPO Commerce, an on-line retailer of home-improvement products, has announced its acquisition of TylerTool.com, an e-commerce site that sells power tools and equipment to contractors and DIYers. Terms of the deal were not disclosed.
Established in 1999, TylerTool.com offers DeWalt, Makita, Milwaukee, Bosch, Porter Cable, and other brand name tools, as well as compressors, generators and other equipment.