Orangeburg SC – July 20, 2012 – Orangeburg, SC: Cox Industries, Inc. has completed an asset purchase of Atlantic Wood Industries’ wood treating plants and related operations. This includes the Vidalia, GA; Sylvania, GA; and Newsoms, VA facilities, along with the Sales and Purchasing operations. In addition to this purchase, Cox expects to complete a lease agreement for Atlantic’s Hainesport NJ, treating facility within the next week.
Cox has been able to retain the vast majority of the Atlantic team after the acquisition. This opportunity to leverage the collective expertise, programs, and partnerships of both entities will amplify efforts to make Cox the dominant industrial treated wood producer in the Eastern United States. The combined companies will be a formidable force in the wood treating industry, with employees, customers, and vendors all benefiting going forward.
Cox Industries now operates 14 wood treating and product manufacturing facilities and employs approximately 400 people in 10 states. The aquisition, although focused on the industrial and utility pole market also offers a significant opportunity to further develop the company’s residential product distribution channels.
“It is an exciting time to be able to merge the talent and cultures of two organizations with such deep roots and strong reputations in the wood treating industry,” says R. Michael Johnson, CEO of Cox. “We are thrilled about the growth and opportunities ahead, made possible by the newest members of the Cox team”.