Friday, March 9, 2007

Menasha to be Bought by the Campbell Group

"Menasha Forest Products Corporation("MFPC") announced today that it has entered into a definitive merger agreement through which an affiliate of investment funds managed by The Campbell Group would acquire MFPC. Under the terms of the merger agreement, holders of MFPC's outstanding common and preferred stock will receive an undisclosed sum in cash. The transaction includes the assumption of MFPC's debt and other obligations."
"Through this transaction, The Campbell Group will acquire approximately 135,500 acres of prime timberlands in Oregon and Washington together with MFPC's related businesses. "On behalf of our clients, we are pleased to have the opportunity to acquire this portfolio of high-quality, productive timberlands," said John Gilleland, President of The Campbell Group." Click to read more.

Although my experience with Menasha is somewhat limited, I have met with them a couple of times. The thing that impressed me most was the quality of the people. The Campbell Group will be getting some very good people along with the 135,000 acres. --Brian

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