Veneer Chip Transport, a wood residuals and bulk hauler in Washington state, inked a deal last week to acquire Signature Transport, a smaller competitor that also hauls livestock, according to a LinkedIn post.
The acquisition includes Signature Transport’s wood residuals and live haul assets, as well as its property in Kelso, Washington, about 50 miles north of Portland, Oregon. Terms of the deal were not disclosed.
“This acquisition will not only enhance our operational efficiency but also elevate the quality of service we provide to our valued customers,” Veneer Chip Transport said in the post.
Veneer Chip Transport has 152 drivers and 138 trucks, according to the Federal Motor Carrier Safety Administration’s online database. Signature Transport has 88 drivers and 65 trucks, per the FMCSA.
Founder Don Lemmons launched Signature Transport in 1966 as Interstate Wood Products, servicing local saw mills and delivering wood residuals to paper mills, according to the company’s website.
The carrier rebranded to Signature Transport following a 2007 acquisition of a smaller company.
Don’s son Dale Lemmons and his wife, Deanna, took the reins from the founder and serve as CEO and CFO, respectively.
“We would like to also extend our heartfelt gratitude to Dale & Deanna Lemmons for their 45+ year commitment to the wood products industry,” Veneer Chip Transport said in the LinkedIn post. “Their dedication and hard work have been instrumental in building a strong foundation, and we are honored to carry that forward.”
Veneer Chip Transport is bullish on the deal’s benefits for its customers and employees.
“This strategic acquisition strengthens our position in the market and expands our service capabilities to better meet the needs of our valued customers,” the company said.
