Forest Products
Who acquires Forest Products companies
52 distinct acquirers across 65 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Forest Products companies
Ranked by number of acquisitions recorded in this sector, with the year of each buyer's latest one. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
| Acquirer | Deals here | Last deal |
|---|---|---|
| Interfor | 4 | 2022 |
| Stella-Jones | 3 | 2021 |
| Magnera | 3 | 2021 |
| Doman Building Materials Group | 2 | 2024 |
| Western Forest Products | 2 | 2022 |
| Boise Cascade | 2 | 2022 |
| Canfor | 2 | 2021 |
| Resolute Forest Products | 2 | 2019 |
| Patrick | 2 | 2016 |
| Rayonier Inc. | 1 | 2026 |
Counted from 65 recorded transactions, 2014 to 2026. Name variants of the same buyer (Inc, Corporation, Ltd) are counted together.
Would these buyers pay for yours?
Put a number on it first: run the free estimate, then the $199 written report sets your range against the Forest Products band and the comparable disclosed deals, in a document you can share. If the business is profitable, has $1M or more of revenue and you may sell within two years, talk to our advisory team about which of these buyers would engage, and at what price. The first conversation is free.
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| PotlatchDeltic Corporation | Rayonier Inc. | 2026-01-30 | n/d | n/d | n/d |
| International Paper Global Cellulose Fibers business | American Industrial Partners | 2026-01-23 | $1.5bn | n/d | 0.7x |
| Gongfa Materials (Guangdong) New Materials Technology Co. | Kuber Resources Corporation | 2025-01-14 | n/d | n/d | n/d |
| Junnikkala | Stora Enso Oyj | 2024-10-28 | $154m | n/d | n/d |
| C.M. Tucker Lumber Companies | Doman Building Materials Group | 2024-10-01 | $255m | n/d | n/d |
| Duhamel | Exchange Income Corporation | 2024-06-24 | $19m | n/d | n/d |
| Timber Tech | Star Equity Holdings | 2024-05-20 | $23m | 4.2x | 1.2x |
| Brown Wood Preserving | Koppers | 2024-02-28 | $100m | n/d | n/d |
| Structurlam Mass Timber | Mercer Mass Timber | 2023-05-30 | $81m | n/d | n/d |
| Infinya | Veridis Environment | 2023-02-06 | $603m | n/d | n/d |
| Stora Enso's Hylte Paper Site | Sweden Timber | 2023-01-27 | $20m | n/d | n/d |
| Chaleur Forest Products | Interfor | 2022-10-03 | $247m | n/d | n/d |
| HIT Holz | Mercer | 2022-07-22 | $304m | n/d | n/d |
| Calvert | Western Forest Products | 2022-07-19 | $12m | n/d | n/d |
| Coastal Plywood | Boise Cascade | 2022-06-10 | $512m | n/d | n/d |
| Canfor - Mackenzie Assets | Peak Renewables | 2022-02-24 | $70m | n/d | n/d |
| Verso | Billerud | 2021-12-20 | $825m | 5.2x | 0.7x |
| Millar Western Forest Products - Solid Wood Operations | Canfor | 2021-12-16 | $420m | n/d | n/d |
| Eacom | Interfor | 2021-11-23 | $372m | n/d | n/d |
| Cahaba Pressure Treated Forest Products | Stella-Jones | 2021-11-03 | $66m | n/d | n/d |
| Cahaba Timber | Stella-Jones | 2021-11-03 | $37m | n/d | n/d |
| Angelina Forest Products | West Fraser | 2021-10-12 | $300m | n/d | n/d |
| Hixson | Doman Building Materials Group | 2021-06-04 | $375m | n/d | n/d |
| Georgia-Pacific LLC - Four US Sawmills | Interfor | 2021-05-27 | $375m | n/d | n/d |
| Rayonier Advanced Materials | GreenFirst Forest Products | 2021-04-12 | $214m | n/d | n/d |
| Soterra | Weyerhaeuser | 2021-02-25 | $149m | n/d | n/d |
| WestRock Co. - Summerville | Interfor | 2021-02-09 | $59m | n/d | n/d |
| Georgia-Pacific LLC - Nonwovens Business | Magnera | 2021-01-06 | $175m | n/d | n/d |
| PalletOne | UFP Industries | 2020-12-28 | $232m | n/d | n/d |
| Kotkamills Oy | Mayr-Melnhof Karton AG | 2020-12-09 | $479m | 7.7x | 1.1x |
| Conifex Timber | Resolute Forest Products | 2019-12-24 | $163m | n/d | n/d |
| Verso Corp. - Androscoggin & Stevens Point Mills | Pixelle Specialty Solutions | 2019-11-12 | $400m | n/d | n/d |
| Rayonier Advanced Materials | Sappi Ltd. | 2019-08-01 | $175m | n/d | n/d |
| Orchids Paper Products | Cascades | 2019-06-28 | $207m | n/d | n/d |
| Hebei Tengsheng Paper Co. Ltd. | IT Tech Packaging | 2019-06-25 | $50m | n/d | n/d |
| Pixelle Specialty Solutions | Lindsay Goldberg (PE) | 2018-10-31 | $360m | n/d | 0.5x |
| Resolute Forest Products | New-Indy Containerboard LLC | 2018-10-02 | $300m | n/d | n/d |
| Resolute Forest Products | ND Paper LLC | 2018-08-30 | $55m | n/d | n/d |
| Clearwater Paper Corp. - Ladysmith Wisconsin Facility | BiOrigin Specialty Products | 2018-08-21 | $72m | n/d | n/d |
| Expera Specialty Solutions LLC | Ahlstrom | 2018-07-23 | $615m | n/d | n/d |
| Georgia-Pacific Steinfurt GmbH | Magnera | 2018-06-19 | $185m | 10.3x | 1.9x |
| GOBA Internacional | ACCO Brands | 2018-06-14 | $31m | n/d | n/d |
| Powerflute | Mondi | 2018-06-01 | $411m | n/d | n/d |
| ND Paper LLC | Nine Dragons Paper (Holdings) | 2018-05-25 | $175m | n/d | n/d |
| Hampton Lumber Mills-Washington | Western Forest Products | 2017-12-06 | $9m | n/d | n/d |
| Crane Currency | Crane | 2017-12-05 | $800m | n/d | n/d |
| Stuart Packaging | Supremex | 2017-07-20 | $18m | n/d | 1.0x |
| Flextech Srl | Ginegar Plastic Products Ltd. | 2017-06-01 | $8m | 2.1x | 0.4x |
| NII FPG Co. - Forest Products Business | Kadant | 2017-05-30 | $173m | n/d | 2.1x |
| Tembec | Rayonier Advanced Materials | 2017-05-25 | $807m | 4.9x | 0.6x |
| WoodBois International ApS | Woodbois | 2017-05-24 | $15m | n/d | n/d |
| Hausmann Industries | Dynatronics | 2017-03-21 | $10m | 8.3x | 0.7x |
| St Cuthberts Holding Ltd. | F.I.L.A. - Fabbrica Italiana Lapis ed Affini | 2016-09-14 | $8m | n/d | 1.8x |
| Weyerhaeuser - Liquid Packaging Board Business | Nippon Paper Industries Co. Ltd. | 2016-06-15 | $285m | n/d | n/d |
| Cana Holdings | Patrick | 2016-05-23 | $17m | n/d | 0.9x |
| Georgia-Pacific - Engineered Lumber Business | Boise Cascade | 2015-12-21 | $215m | n/d | n/d |
| Atlas Paper Mills LLC | Resolute Forest Products | 2015-11-16 | $156m | 6.8x | n/d |
| Ram Forest Group | Stella-Jones | 2015-10-02 | $60m | n/d | n/d |
| Anthony Forest Products Co. | Canfor | 2015-09-28 | $94m | n/d | n/d |
| North American Forest Products | Patrick | 2015-09-01 | $85m | n/d | n/d |
| Woodcraft Industries | Quanex Building Products | 2015-08-31 | $249m | n/d | n/d |
| Fibermark | Neenah | 2015-07-20 | $120m | n/d | 0.8x |
| Cascade Timberlands LLC | Whitefish Cascade Forest Resources LLC | 2015-02-18 | $63m | n/d | n/d |
| Verso Paper - Two Paper Mills | Catalyst Paper Corp. | 2014-10-30 | $74m | n/d | n/d |
| Spezialpapierfabrik Oberschmitten GmbH | Magnera | 2014-10-01 | $10m | n/d | n/d |
n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
Who owns Materials & Chemicals companies
On PEStore, Forest Products sits within Materials & Chemicals. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.
Materials & Chemicals investors and acquirers on PEStoreMultiples across every sector
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