Woodtone Purchases Synergy Pacific Engineered Timber
Chilliwack, British Columbia — Woodtone announced this week that it has completed the purchase of Synergy Pacific Engineered Timber Ltd., located near Armstrong, British Columbia.
Synergy produces premium building products and components, both engineered and solid fiber. Products have been sold under Synergy’s own Quattro brand as well as under Woodtone’s RealPost and RealCorner brands. Appearance-grade finishing products are a growing and complementary aspect to their engineered finishing products. In addition, Synergy produces engineered products and components for truss and joist manufacturers.
“This acquisition locks in the supply of two of our key products—RealPost and RealCorner—as we continue to grow market share across North America,” said Chris Young, principal of Woodtone. “We are excited to further grow Synergy’s product offerings and market reach.”
In addition, Kevin Young, Principal of Woodtone, said “the manufacturing facilities and equipment acquired through this deal provide key capabilities for future product development and growth.”
Hal Hanlon, Synergy CEO said, “I’m confident this acquisition will increase the value both Woodtone and Synergy delivers to our customers.”