Graham Holdings Acquiring Hoover Treated Wood Products Inc.

3/30/17

Arlington-based Graham Holdings Co. said Wednesday it plans to acquire Thomson, Ga.-based Hoover Treated Wood Products Inc. The purchase price was not disclosed.

Graham says it has entered into a letter of intent with Hoover, a supplier of lumber and plywood products for fire retardant and preservative applications.

The transaction is expected to close in the second quarter of 2017.

Barry Holden, Hoover’s president, and his management team will continue to run the business.

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