Alta Forest Products Sold to Japanese Corporation

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Alta Forest Products has been sold to the Itochu Corporation of Japan in a move that was finalized on Jan. 12. President and CEO Mike Pederson plans to stay on in both capacities and has insisted that little will change in daily operations. 

“It’s a great fit. It’s great for the employees and great for the shareholders,” Pederson told The East County Journal. “I wouldn’t have done this if I didn’t think it would be great for Alta.”

Itochu Corp. owns numerous companies, including Master Halco, a leading fence manufacturer and one of Alta Forest Products primary customers. That integrated model of operation is expected to boost the reach of Itochu and solidify the market for Alta.

Read more here:
http://www.chronline.com/business/alta-forest-products-sold-to-japanese-corporation/article_5341e25c-08a3-11e8-858e-ef0fa5575efe.html

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