An $80 million hardwood lumber and flooring firm seeks sale
November 1, 2016 | 9:11 am CDT
Wikipedia-red-oak.jpg

A larger manufacturer of precision-cut hardwood lumber and engineered hardwood floors is seeking a buyer of all or parts of its business.

An ad placed by broker Bengur Bryan describes the firm as having more than $80 million in annual revenue, derived from its several business units. Willing to sell them in parts or as a package, the business  is comprised of a sawmill that produces 27 million board feet a year, concentration yards, and 1.9 million square feet of kiln capacity at two areas of the U.S. - in the Midwest and the Southeast.

The broker says the firm made a substantial investment in 2015 and 2016 to expand its capacity at the sawmill and kilns, and to expand its engineered hardwood flooring business, which includes international distribution. "If properly capitalized and us[Jing] 90 percent of kiln capacity, lumber division are positioned for $9.6 million EBITDA for fiscal 2017," says the ad, noting, "strong additional potential from growing flooring business."

The ad placed in today's Wall St. Journal  provides contacts at dbeall@bengurbryan.com, or call 866-969-1115 x 6. 

Have something to say? Share your thoughts with us in the comments below.

Profile picture for user billesler
About the author
Bill Esler | ConfSenior Editor

Bill wrote for WoodworkingNetwork.com, FDMC and Closets & Organized Storage magazines. 

Bill's background includes more than 10 years in print manufacturing management, followed by more than 30 years in business reporting on industrial manufacturing in the forest products industries, including printing and packaging at American Printer (Features Editor) and Graphic Arts Monthly (Editor in Chief) magazines; and in secondary wood manufacturing for WoodworkingNetwork.com.

Bill was deeply involved with the launches of the Woodworking Network Leadership Forum, and the 40 Under 40 Awards programs. He currently reports on technology and business trends and develops conference programs.

In addition to his work as a journalist, Bill supports efforts to expand and improve educational opportunities in the manufacturing sectors, including 10 years on the Print & Graphics Scholarship Foundation; six years with the U.S. WoodLinks; and currently on the Woodwork Career Alliance Education Committee. He is also supports the Greater West Town Training Partnership Woodworking Program, which has trained more than 950 adults for industrial wood manufacturing careers. 

Bill volunteers for Foinse Research Station, a biological field station staddling the border of Ireland and Northern Ireland, one of more than 200 members of the Organization of Biological Field Stations.