International Forest Products to Acquire Price and Pierce Forest Products in the UK
Based in Woking, England, Price and Pierce is a major distributor of timber and panel products providing just-in-time service for UK merchants and retail groups.
Feb. 15, 2019 - International Forest Products LLC (IFP) is pleased to announce an agreement to acquire all of the equity of Price and Pierce Forest Products Ltd., subject to due diligence. Terms of the deal were not disclosed. Based in Woking, England, Price and Pierce is a major distributor of timber and panel products providing just-in-time service for UK merchants and retail groups. The company is one of the oldest timber agencies in the UK and play a powerful role in the marketing of Timber, Plywood and Panel Products from many countries including Russia, Latvia, Scandinavia, Germany, Belgium, Canada and Chile. Price and Pierce will operate as a division of IFP with the present management team remaining in place under the leadership of its president, Stephen Pitt. “We are excited about the acquisition of Price and Pierce and the addition of their team to the IFP family,” said Daniel Kraft, President and CEO of IFP. “This is another step in the further development of IFP's Solid Wood Division and will provide new opportunity for future growth.” Founded in 1972 by Robert Kraft, IFP is a member of the Kraft Group of companies and is one of the largest traders of forest products commodities in the world. IFP provides solutions for sales and marketing, transportation and logistics, and finance for suppliers and converters. To learn more, please visit: www.ifpcorp.com. SOURCE: International Forest Products LLC |