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Graham Holdings to buy Hoover Treated Wood Products

Graham Holdings Co. inked a letter of intent to buy Hoover Treated Wood Products Inc., a Thomson, Ga.-based supplier of pressure impregnated kiln-dried lumber and plywood products for fire retardant and preservative applications.

The transaction, financial terms of which were not disclosed, is expected to close in the second quarter, the company said March 29. The business will continue to be led by President Barry Holden and the Hoover management team.

Founded in 1955, Hoover Treated Wood Products operates nine facilities across the U.S. and services a stocking distributor network of more than a 100 locations spanning the U.S. and Canada.