M&A Deal Summary

ITOCHU Acquires Alta Forest Products

On January 15, 2018, ITOCHU acquired forest products company Alta Forest Products

Acquisition Highlights
  • This is ITOCHU’s 1st transaction in the Forest Products sector.
  • This is ITOCHU’s 5th transaction in the United States.
  • This is ITOCHU’s 1st transaction in Washington.

M&A Deal Summary

Date 2018-01-15
Target Alta Forest Products
Sector Forest Products
Buyer(s) ITOCHU
Deal Type Add-on Acquisition

Target

Alta Forest Products

Chehalis, Washington, United States
website
Alta Forest Products LLC is a wood fencing manufacturer. Alta Forest Products was founded in 2014 and is based in Chehalis, Washington.

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Buyer(S) 1

Buyer

ITOCHU

Tokyo, Japan

website


Category Company
Founded 1858
Sector Business Services
Employees128,146
Revenue 12,293.3B JPY (2022)
DESCRIPTION
ITOCHU's corporate headquarters in Tokyo, Japan.
ITOCHU's corporate headquarters in Tokyo, Japan.

Itochu is a prominent multinational trading company operating in various industries worldwide. With a diverse portfolio, Itochu engages in the sales, import, and export of an extensive range of products and services. Its offerings span sectors such as textiles, machinery, metals, energy, chemicals, food, and general merchandise. Itochu caters to a broad customer base comprising retailers, wholesalers, manufacturers, and businesses across different sectors, providing them with high-quality goods and facilitating global trade through its extensive network and expertise. ITOCHU was founded in 1858 and is based in Tokyo, Japan.


DEAL STATS #
Overall 9 of 25
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 5 of 12
State (Washington) 1 of 1
Country (United States) 5 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Galleher

Santa Fe Springs, California, United States

Galleher is a floor covering distributor in the U.S., serving builders, contractors and retailers. Galleher distributes a broad offering of hardwood, resilient, vinyl and laminate flooring as well as carpet and installation accessories to more than 5,000 customers while also providing unique custom hardwood manufacturing capabilities. Galleher was founded in 1937 and is based in Santa Fe Springs, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Cieco Exploration & Production Limited

London, United Kingdom

CIECO UK is a London based oil and gas E&P company established in 1992. CIECO UK acts as the base office for ITOCHU's oil and gas E&P business, covering activities in the UKCS, Europe, Africa, Middle East and CIS.

Sell $400M