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 firstname.lastname@example.org, or call 866-969-1115 x 6.
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