Star Equity Holdings Announces Acquisition of Timber Technologies
SGUStar Group(SGU) globenewswire.com·2024-05-20 20:30

Enters Engineered Wood Products Market Substantially Improves Cash Flow OLD GREENWICH, Conn., May 20, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) ("Star" or the "Company"), a diversified holding company, announced today it has completed the acquisition of Timber Technologies, LLC ("Timber Tech"), a Wisconsin-based engineered wood products manufacturer, effective May 17, 2024. Transaction Highlights $23 million cash-free, debt-free purchase price. $23 million includes: $16 milli ...