Cox Industries is selling its Residential Lumber Division assets to Culpeper Wood Preservers, a Virginia-based wood treater with a similar focus on residential lumber. Included in the sale are Cox manufacturing plants located in Orangeburg, South Carolina, Coleridge, North Carolina, Cove City, North Carolina and Branchville, South Carolina.

In aligning its Residential business with Culpeper, Cox will help to create an industry powerhouse, with combined manufacturing facilities and customers that stretch throughout the Eastern and Midwestern states.Additionally, all Cox employees currently working in the Residential business will be provided opportunity to transition to Culpeper while Cox will retain its corporate headquarters in Orangeburg, South Carolina to oversee its rapidly growing Industrial Division.

In addition to providing a platform for significant growth in Residential lumber, this transaction will allow Cox to place additional resources into its rapidly growing Industrial Division which predominately manufactures and sells utility poles and marine piling.

The transition of the Cox Residential business to Culpeper is expected to be complete by year-end 2017.

Cox Industries is one of the largest producers of pressure-treated wood products.

 

Source: lesprom.com

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