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Veneer Chip Transport, a wood chip and bulk hauler in Washington state, signed a deal last week to acquire Signature Transport, a smaller competitor that also hauls livestock, according to a LinkedIn post.
The acquisition includes Signature Transport’s scrap wood and live assets, as well as its property in Kelso, Washington, about 50 miles north of Portland, Oregon. Terms of the deal were not disclosed.
“This acquisition will not only enhance our operational efficiency but also improve the quality of service we provide to our valued customers,” Veneer Chip Transport said in the release.
Veneer Chip Transport has 152 drivers and 138 trucks, according to the Federal Motor Carrier Safety Administration’s online database. Signature Transport has 88 drivers and 65 trucks, in accordance with the FMCSA.
Founder Don Lemmons launched Signature Transport in 1966 as Interstate Wood Products, serving local sawmills and supplying scrap wood to paper mills, according to company website.
The carrier was renamed Signature Transport after acquiring a smaller company in 2007.
Don’s son, Dale Lemmons and his wife, Deanna, took over from the founder and serve as CEO and CFO, respectively.
“We would also like to extend our heartfelt gratitude to Dale & Deanna Lemmons for their 45+ years of commitment to the wood products industry,” Veneer Chip Transport said in the LinkedIn post. “Their dedication and hard work has been instrumental in building a strong foundation and we are honored to continue that.”
Veneer Chip Transport is bullish on the deal’s benefits for its customers and employees.
“This strategic acquisition strengthens our market position and expands our service capabilities to better meet the needs of our valued customers,” the company said.