Freedonia Analyst Weighs in on Itocho's Acquisition of Alta Forest Products

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Jan 24, 2018, 03:32 ET

CLEVELAND, Jan. 24, 2018 /PRNewswire/ -- On January 15, 2018, Itocho announced the acquisition of Alta Forest Products, a large North American wood fencing manufacturer. The transaction will allow Itocho, a major player in the US fencing industry through its MASTER-HALCO unit, to further increase its presence in this market.

Freedonia Group analyst Nick Cunningham discusses the implications: "Prior to this acquisition, Itocho was already the leading supplier of fencing to the US through its substantial sales of a variety of metal fencing products. By adding Alta Forest Products' wood fencing operations to its portfolio, Itocho will further increase its market-leading position."

The acquisition will significantly expand Itocho's fencing operations, as the company will add Alta Forest Products' four manufacturing plants to its five existing production facilities. This should provide a considerable boost to Itocho's already substantial economies of scale.

Fencing, a study written by Cunningham, projects 5.0% annual growth in US fencing demand through 2020.

More information regarding the study can be found here:
https://www.freedoniagroup.com/industry-study/fencing-3453.htm

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SOURCE The Freedonia Group