Conner Industries received an additional growth capital the company’s investors

Conner Industries, a lumber processor and leading provider of integrated packaging solutions, announced receive of additional growth capital from existing investors. Together with the investment made in April 2017, the amount totals USD 10 million.

According to the announcement, the capital infusion will be used for working capital purposes, to continue to recruit experienced lumber sales people and to upgrade Conner’s re-manufacturing plants.

Earlier Conner Industries acquired a a regional lumber processor in the US

About Conner Industries:

The company is a leading provider of industrial wood products, packaging, and services to the industrial and materials handling industries. It specializes in supplying cut lumber (softwoods, hardwoods, and panel woods) needed for pallet, crate and skid parts, and fully assembled products, such as pallets, crates, skids and industrial containers. Conner services its customers nationwide from 13 manufacturing plants located in 10 states. With more than 650 employees, the company now services over 1,900 customers nationwide and processes/sells annually more than 330 million board feet (MBF). Conner is one of The Argentum Group’s portfolio companies.

Source: Woodbizforum