Norwood Sawmills announces that they have joined Wood
Technologies International (WTI), home to USNR and Burton Mill
Solutions.
For over 30 years, Norwood Sawmills has led the industry in
portable sawmill design with a legacy of craftsmanship,
ingenuity, and customer commitment. Joining WTI places Norwood
with owners who speak the language of the wood-products industry
and understand the challenges and responsibilities that come
with building sawmills for real-world use. WTI brings together a
group of companies that includes USNR, a prominent global
industrial sawmill manufacturer; Burton Mill Solutions, North
America's leading manufacturer and supplier of industrial saw
blades and knives; Mid-South Engineering, North America's
largest full-service consulting engineering firm for the
wood-products industry; and Global Tooling & Supply, a leading
millwork tooling provider.
"This acquisition launches Wood Technologies International into
a segment of the wood products industry that we have not
previously touched," said Dale Brown, CEO of WTI. "Norwood's
strong brand, patented innovations, and direct-to-consumer
eCommerce model complement our existing portfolio and extend our
reach to a new and growing customer base."
"The addition of Norwood aligns with our strategy to diversify
and grow our capabilities across the wood processing value
chain," Mr. Brown added. "We're excited to welcome Norwood's
team and customers into the Wood Technologies family."
Norwood will continue to operate from its home base just north
of Toronto, Ontario. G2 Capital Advisors served as the exclusive
financial advisor to Norwood on this transaction.
About Wood Technologies International
Wood Technologies International was formed in 2021 through the
merger of USNR and Burton Mill Solutions (formerly Wood Fiber
Group), and is backed by private equity firm One Equity
Partners. Headquartered in Woodland, Washington, the company
includes now five business units serving the wood products
industry: USNR, Burton Mill Solutions, Mid-South Engineering,
Global Tooling and Supply, and now Norwood Sawmills.
Source: papernews.com