Itocho, a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo, has announced the acquisition of Alta Forest Products, a large North American wood fencing manufacturer based in Chehalis, Washington.
Alta is the largest wood fence board manufacturer in North America, producing 360 million board feet annually in its four (4) manufacturing plants located in the Pacific Northwest of the United States.
Alta has established a leading position in the market for Western Red Cedar fence boards, a premium product, through outstanding production efficiency driven by its specialized manufacturing process.
The transaction will allow Itocho, a major player in the US fencing industry through its MASTER-HALCO unit, to further increase its presence in this market.
The acquisition will significantly expand Itocho's fencing operations, as the company will add Alta Forest Products' four manufacturing plants to its five existing production facilities.
This should provide a considerable boost to Itocho's already substantial economies of scale.
Copyright: North America Procurement Council, Inc. PBC