Northwest Hardwoods Inc. recently completed the acquisition of Industrial Timber & Lumber Co., which operates a facility in Marion.
Northwest Hardwoods (NWH) is headquartered in Tacoma, Wash. and has operations in the United States, Canada, China and Japan. This company just finishing acquiring Industrial Timber & Lumber Co., which is based in Beachwood, Ohio,
Industrial Timber & Lumber (ITL) is one of the largest global suppliers of North American hardwood. The company sells more than 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, according to a news release.
The North Carolina operation is in Marion. Located at 203 College Drive next to McDowell Technical Community College, it is a kiln-drying facility with 53 full-time employees. The complex has kilns, a state-of-the-art inspection line, a railroad spur and storage capacity for 3 million board feet of lumber, according to ITL’s website.
James Schill, the plant’s manager, said he expects no major changes now that ITL has been acquired by NWH.
“All we did was go from ITL Corp. to ITL, LLC,” Schill said to The McDowell News. “Everybody whom I’ve talked with up the corporate ladder has told me that it will be status quo. It’s all good. It is just a change of hands. Every thing will stay the way it is. We haven’t missed a beat.”
“We couldn’t be more pleased to acquire a great company like ITL to better serve our customers,” said T.J. Rosengarth, president and CEO for NWH, in a news release. “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,
“Our employees are very excited about this combination of two great companies,” said Larry Evans, president of ITL in the news release.
Evans will continue to lead the ITL organization for NWH as it operates as a wholly owned subsidiary of NWH. “Our customers have grown accustomed to the high-quality products and industry leading service model that ITL provides,” he said in the news release. “This combination with NWH will allow us to better serve those customers with an even wider array of products.”
Northwest Hardwoods, Inc., with approximately 1,600 employees, is the leading manufacturer of high quality hardwood lumber in North America. It manufactures and sells 15 species of hardwood lumber, including alder, oak, maple, cherry, yellow poplar and walnut. Operations include a network of 15 primary sawmills, five concentration yards, one remanufacturing plant and regional warehouse locations to serve its customer base, according to the news release.