Columbia purchases International Industries' Holden, W.Va, facilities
The effective date of the agreement was Dec. 31. The purchase price was not disclosed.
Columbia has partnered with International in operating the facilities since 1999. Columbia President David Wootton said the close partnership enabled a quick agreement and that International will continue to supply green lumber to the Holden plant.
Columbia's buyout of International's interest in the Holden facilities gives Columbia 100 percent ownership of all four of its North American hardwood flooring plants and is the third acquisition the company has completed in the past 90 days. Other mills are located in Danville, Va.; Melbourne, Ark.; and Ellijay, Ga.