ORANGEBURG, S.C. - Cox Industries, a producer of pressure-treated wood products, is selling its residential lumber division assets to Culpeper Wood Preservers, a Virginia-based wood treater with a similar focus on residential lumber. Included in the sale are Cox manufacturing plants located in Orangeburg and Branchville, South Carolina; and Coleridge and Cove City, North Carolina.
In aligning its residential business with Culpeper, Cox says it will create an industry powerhouse with combined manufacturing facilities and customers throughout the Eastern and Midwestern states. All current Cox employees in residential business will be given an opportunity to transition to Culpeper while Cox retains its corporate headquarters to oversee the industrial division.
"The residential division of Cox represents a significant part of our company's legacy, so it was extremely important that any transaction we entered into was done with a company that shares the same foundational values as us," said Michael Johnson, CEO of Cox Industries. "We certainly believe that, in addition to providing a platform for continued expansion of the residential division, Culpeper operates its business with the same employee focus that has served us well for over 75 years."
While providing a platform for significant growth in residential lumber, this transaction will also allow Cox to place additional resources into the growth of its industrial division which predominately manufactures and sells utility poles and marine piling.
"Within only a few years, our industrial division has grown to become one of the largest providers of utility poles in the U.S. with a customer base that now extends from coast to coast," said Johnson. "We look forward to using proceeds from the sale of our residential division to growing and diversifying this business while expanding our role as a key player in supporting America's electrical and marine infrastructure."
Family-owned and operated since 1976, Cox Industries is a manufacturer and distributor of treated outdoor wood products for the residential, commercial, industrial, and utility markets. Headquartered in Orangeburg, South Carolina, Cox produces a variety of quality wood products from decks, fences, and framing to utility poles, docks, retaining walls, and other specialty items.
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