Woodgrain Millwork Acquires Independence Lumber Sawmills
July 12, 2021
Woodgrain Millwork, a family-owned millwork manufacturer based in Fruitland, Idaho, acquired Independence Lumber, Inc.'s two sawmills (Independence, VA and Elkin, NC) in a court-approved sale out of Federal Receivership. The acquisition expands Woodgrain's lumber production capacity to support its internal mills and external customers and preserves local jobs at the acquired facilities.
- Buyers
- Woodgrain Millwork, LLC
- Targets
- Independence Lumber, Inc.
- Sellers
- Federal Receivership (managed by Aurora Management Partners)
- Industry
- Building Products
- Location
- Virginia, United States
- Transaction Type
- Buyout
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