Simonds International, Burton Saw Merge To Form Wood Fiber Holdings
The 186-year-old Fitchburg, Massachusetts-based Simonds International and 115-year-old Eugene, Oregon-based Burton Saw merged into Wood Fiber Holdings, in a transaction that the companies report will create the leading producer and marketer of cutting tools and related equipment for the primary wood fiber industry.
According to company officials the combined entity, Wood Fiber Holdings, Inc., will continue to operate in the United States and Canada with 12 facilities located in the major wood fiber regions of North America. All products and customers segments currently served by Burton, Simonds and B.G.R. Saws will continue uninterrupted during the integration process and thereafter.
Ray Martino, President & CEO of Simonds said, “This merger will combine the two leading companies in our industry with a deep history of product innovation, quality products and customer focused organizations providing value added services to our customers.”
“The cultures of the two companies are similar and will strengthen our service to the industry. The Burton, Simonds and B.G.R. brands are prominent in the industry and will remain a core part of the combined company in the future,” Martino added.
Craig Tompkins, President & CEO of Burton Saw said, “The merger brings together the strengths of two great companies with a common goal, efficient and innovative solutions to the industry we serve. The products and services offered by the merger will enable both companies to go beyond current offerings and bring a complete solution through products, services and equipment that reflect the needs of the marketplace.”
From Area Development: areadevelopment.com.
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