Parksite, Batavia, Il., has acquired industrial wood panel distributor Atlantic Plywood Corp., Woburn, Ma.
“We’re combining two companies, with outstanding operations in the Northeast, who’ve operated alongside each other in adjacent product categories,” said CEO Ron Heitzman. “Creating one company to deliver product solutions from industrial wood products, to premium surfacing materials, to specialty building materials, throughout the entire Northeast will provide our customers an unmatched resource in the market.”
Atlantic Plywood will operate as a wholly-owned subsidiary of Parksite. Founded in 1974, it employs more than 200 at nine branches-Woburn; South Windsor, Ct.; East Providence, R.I.; Carlstadt, N.J.; Westbrook, Me.; Royalton, Vt.; and Albany, Bethpage and Rochester, N.Y.
Both Parksite and Atlantic Plywood are ESOPs. and shareholders,” added Heitzman.