BID Group to Acquire Industrial Cutting Solutions
BID Group, an associate member of the Southern Forest Products Association, has entered into an agreement to acquire Industrial Cutting Solutions. The transaction deepens BID’s geographic and product offering in the wood processing saw and tooling segment and further expands BID’s industry-leading operational lifecycle product and service offerings.
Industrial Cutting Solutions is an innovative supplier and service provider of high-quality saws and critical consumable products to the wood processing industry. The Buhl, Alabama-based company is positioned to meet growing customer demand for wood processing saw supply and service.
“We are excited to partner with the Houston family and the Industrial Cutting Solutions team,” said Dustin Norris, vice president of Smith Sawmill Service. “This marks another important step in growing with our valued customers demand for modern, high quality, and innovative saw and tooling technology solutions. Together with Smith Sawmill Service and BID’s BLADE cutting tool solutions, we are pleased to continue incorporating saw and tooling technologies into our BID Turnkey, wood process systems, and aftermarket support offerings. ”
The transaction is expected to close in the fourth quarter of 2023 and is subject to customary closing conditions.
“We are pleased to join industry leaders BID and Smith Sawmill Services,” said Keith Houston with Industrial Cutting Solutions. “I would like to thank our team for their dedication and hard work. We are confident this partnership will provide our employees, suppliers, and customers with exciting opportunities and benefits for years to come.”
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