News archive

Tag: acquisition

Forsite acquires Object Raku Technology

04-06-2019
Forsite, forestry, acquisition

Forsite has purchased Object Raku Technology, further solidifying Forsite’s commitment to providing cutting-edge forest inventory products. Object Raku has led the development of the Timber Species Identifier (TSI), a system of automated software components which analyse LiDAR data to determine the location and species of individual trees, …

Sumitomo Forestry acquires a U.S. Land Development Company

10-10-2018
Sumitomo Forestry, acquisition, U.S. land development company, Mark III, Northwestern South Carolina

Sumitomo Forestry Co., Ltd. announced that it has acquired a 60 per cent equity interest in the United States Mark III Properties, LLC (hereinafter: Mark III) through its wholly-owned subsidiary, Sumitomo Forestry America, Inc.. A celebrative reception for the new partnership was held on August 14, local time. The Sumitomo Forestry Group cited …

Angeles Equity Partners and Clearlake Capital acquire Meek’s Lumber Company

01-10-2018
Angeles Equity Partners, Clearlake Capital, Meek’s Lumber Company, acquisition

Angeles Equity Partners, LLC, a private investment firm focused on value creation through operational transformation, and Clearlake Capital Group, L.P., a leading private investment firm, have announced the acquisition of the Meek’s Lumber Company. Financial terms of the transaction were not disclosed. Meek’s is one of the largest …

New Forests acquires Pine Creek Timberlands

10-09-2018
New Forests, Pine Creek Timberlands, acquisition

Investment manager New Forests has announced its latest acquisition under the firm’s growing U.S. timberland investment programme, with the purchase of 10,400 acres of Humboldt County timberlands from Soper Company. The estate is known as the Pine Creek Timberlands and completes the placement of an investment fund focused on high carbon …

Germany based Parador acquired by Indian building material producer HIL

25-07-2018
HIL, India, Parador, Germany, building material manufacturer, floor solutions acquisition

HIL goes global in the high potential building material sector set to acquire Parador, a leading manufacturer of premium quality flooring solutions in Europe National HIL, part of the US$1.8 billion diversified CK Birla Group, announced on July 12 the acquisition of Parador Holdings GmbH, a Germany based, vertically integrated, full-range …

Editor’s pickWood-Mizer Acquires MOReTENs AB

03-04-2018
Wood Mizer, acquisitions

The factory in Sweden marks Wood-Mizer’s fifth manufacturing plant throughout the world Popular woodworking machinery from MOReTENs AB is now available through Wood- Mizer's global distribution network. Wood-Mizer has acquired the Swedish company, MOReTENs AB, placing a full range of popular four-sided moulders, planers, table saws, …