Welco Lumber Co. ("Welco" or the "Company") is one of the leading producers and distributors of cedar fencing in the US. The Company operates from two locations in the Pacific Northwest: Shelton, WA and Naples, ID. TMI is also one of the leading producers and distributors of cedar fencing materials operating from locations in Amanda Park, WA and Morton, WA. The companies and their management teams have had discussions over a number of years on how to more efficiently service their customer base of big box retailers, wholesalers, and distributors. That common interest served as a basis for consideration of a merger of interests.
Zachary Scott & Co. was engaged as exclusive financial advisor to represent the owners of Welco in a merger with TMI.
The merger was completed whereby both companies contributed their manufacturing and distribution assets, know-how and experienced employee base to a newly formed Alta Forest Products, LLC. Alta distributes its products nationally and provides employment to over 400 individuals with annual production exceeding 300 million feet of finished goods. Alta will operate from four facilities in the Pacific Northwest and continue to grow its manufacturing and distribution network with long standing practices of innovation, reliability, and performance.