US EditionStella-Jones Signs Deal to Buy Brooks Manufacturing for US$140 Million
The $140 million acquisition will expand Stella-Jones’s utility product range and support growth amid rising demand for infrastructure modernization, with Brooks generating $84 million in sales.
- This year, Stella-Jones Inc. entered into a definitive agreement to acquire the assets of Brooks Manufacturing Co., a U.S. maker of treated wood distribution crossarms operating in Bellingham, Washington.
- Following the Locweld purchase earlier this year, Stella-Jones is pursuing expansion beyond traditional product categories to target the utility sector, signaling a deliberate growth strategy, the company said.
- Stella-Jones agreed to pay approximately US$140.0 million for Brooks, subject to customary adjustments, and will finance the acquisition through its existing revolving credit facilities.
- The deal is expected to close by the end of the year, pending approvals and customary closing conditions including U.S. antitrust regulatory approval.
- Stella-Jones said the addition of Brooks bolsters its solutions and enhances its ability to meet growing utility demand, RBC analyst James McGarragle called the deal strategically positive.
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Stella-Jones To Acquire Brooks Manufacturing Co. - Wood Business
Stella–Jones Inc. (Stella–Jones) announced that it has entered into a definitive agreement to acquire the assets of Brooks Manufacturing Co. (Brooks), a manufacturer of treated wood distribution crossarms and transmission framing components located in the United States. This transaction marks another significant step in the company’s strategy to expand beyond its traditional product categories and leverage its extensive sales and distribution ne…
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Stella-Jones signs deal to buy Brooks Manufacturing for US$140 million
MONTREAL — Utility pole company Stella-Jones Inc. has signed a deal to buy U.S. company Brooks Manufacturing Co. for $140 million. Brooks is a maker of treated wood distribution crossarms and transmission framing components.
Stella-Jones acquires Brooks Manufacturing for about $140M
Stella-Jones (STLJF) announced that it has entered into a definitive agreement to acquire the assets of Brooks Manufacturing Co., a U.S.-based manufacturer specializing in treated wood distribution crossarms and transmission framing components, for a purc
Stella-Jones Inc. Acquires Brooks Manufacturing Co. - Canadian Manufacturing
MONTREAL — Stella-Jones Inc. announced that it has entered into a definitive agreement to acquire the assets of Brooks Manufacturing Co., a manufacturer of treated wood distribution crossarms and transmission framing components located in the United States. This transaction reportedly marks a step in the Company’s strategy to expand beyond its traditional product categories and leverage its sales and distribution network to try and sell to the u…
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