BID Group to Acquire Industrial Cutting Solutions
Vancouver, BC, August 28, 2023 – BID Group is pleased to announce it 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 life cycle 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. Located in Buhl, Alabama, Industrial Cutting Solutions is ideally 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. 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.” said Dustin Norris, Vice President, Smith Sawmill Service
“We are pleased to join industry leaders BID and Smith Sawmill Services.” said Keith Houston, 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.”
The transaction is expected to close in Q4 2023 and is subject to customary closing conditions.