Boatright reaches agreement to sell crosstie plant in ClantonBy Emily Etheredge Published 2:21pm Wednesday, March 19, 2014
Boatright Railroad Products, with railroad tie treatment facilities in Clanton and Montevallo, is selling the two divisions to a Canadian company.
Stella-Jones Inc., based in Montreal, Quebec, entered into a non-binding letter of intent to buy divisions of from Boatright.
The announcement came from a release sent out by Stella-Jones Inc. on Tuesday.
According to the release, if the transaction is finalized, it is expected to close during the latter part of the second quarter of 2014.
Terms of the transaction were not disclosed in the release.
A Boatright spokesperson said on Wednesday that the Montevallo and Clanton facilities employ roughly 150 individuals altogether and Stella-Jones intends to hire all of the Boatright employees.
Boatright sells and distributes creosote and borate-treated crossties along with switch ties, tie plugs and bridge timbers to railroad operators.
Stella-Jones Inc. produces and markets pressure treated wood products.
According to the release, Stella-Jones Inc. supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles.
Stella-Jones also provides residential lumber to retailers and wholesalers for outdoor applications, as well as industrial products for construction and marine applications.
Chilton County Industrial Development Coordinator Fred Crawford said Boatright’s Clanton location currently employs roughly 25-30 individuals with plans to build toward the maximum number of 50 people.
The 400,000-square-feet facility is located on 100 acres at the Chilton County Industrial Park, north of Clanton.