08:15 AM EDT, 09/30/2025 (MT Newswires) -- Stella-Jones ( STLJF ) Tuesday said it entered into a definitive agreement to acquire the assets of Brooks Manufacturing, a manufacturer of treated wood distribution crossarms and transmission framing components located in the United States.

The purchase price is approximately US$140 million, subject to customary working capital adjustments and Stella-Jones ( STLJF ) will finance the acquisition through its existing revolving credit facilities.

The completion of the acquisition is contingent upon closing conditions, including U.S. antitrust regulatory approval, and is expected to occur by the end of the year.

"The addition of Brooks bolsters Stella-Jones' ( STLJF ) suite of solutions, enhancing its ability to meet the growing demand of utilities and unlock new growth opportunities," said Stella-Jones' ( STLJF ) president and chief executive officer Eric Vachon. "The acquisition reflects our strategic focus and aligns with our vision to make Stella-Jones ( STLJF ) a partner of choice to our infrastructure customers."