LOTS Group acquires US-based Bellwether Forest Products
LOTS Group acquires US-based Bellwether Forest Products
Kicking of the new year right, we can today announce the acquisition of Bellwether Forest Products (Bellwether) based in South Carolina, USA. Bellwether is a full-service timber transport company working throughout the state, with the aim of inspiring a new generation of loggers and building long-term partnerships with wood markets and timberland owners. You can find more information about Bellwether here: www.bellwetherfp.com
Today’s news solidifies our long-term commitment to delivering leading transport services to the North American market. Bellwether’s values, working methods, and aspirations for the future of transport align with our own way of thinking. This will enable us to extend our service offering to new and existing clients, leveraging Bellwether’s extensive experience in the region.
“LOTS is very excited to build upon its expansion into North America through the acquisition of Bellwether in South Carolina. The management team there has established one of the most professional and successful transport operations in the US Southeast, and we are really looking forward to joining forces to accelerate the growth trajectory and creating the model for the future of transport in the US.” said Max Blatt, CEO of LOTS Group.
“I am excited for Bellwether to partner with an innovative transportation company like LOTS to accelerate our growth and improve the services we offer our customers. The Southeast US forestry transport space is very large but incredibly fragmented and lacking technology and professionalization. Adding LOTS transportation knowledge and resources to our growing business fits our core mission to be a “bellwether” in the industry and puts us in great position to build a market leader in Southeast forestry transport and beyond” said Matt Moldenhauer, President of Bellwether Forest Products.
The announcement represents the culmination of an intense period for both parties, and as such we would like to extend our sincere thanks to Bellwether, all external advisors, and our internal project team for their joint efforts in finalizing the deal. We, for our part, can’t think of a better way to get 2022 up and running!
For more information regarding the acquisition of Bellwether Forest Products and of our plans in North America, feel free to contact the team at info@lotsgroup.com