Baillie Lumber (Hamburg, N.Y.) completed its purchase of American Hardwood Industries from investment firm H.I.G. Capital LLC.
American Hardwood Industries, based in Waynesboro, Va., is the largest producer of hardwood lumber in its regions. It has more than 100 million board feet of annual capacity across 11 sawmills and kiln drying facilities in Virginia and the Appalachian territory.
H.I.G. had purchased American Hardwood Industries, then Augusta Lumber, in 2006. "H.I.G. has been an outstanding and committed partner to American Hardwood Industries," said John O'Dea, CEO of AHI. "Through a series of add-on acquisitions and operational investments, H.I.G.'s support has helped AHI to more than double its revenues, upgrade its equipment, invest in business processes, develop its brands and expand its international reach to establish the company as a leading exporter of US hardwoods."
American Hardwood Industries sells its products under the Augusta, Blue Triangle and Graham Lumber brands.
