Stella-Jones Inc. has completed the acquisition of Thompson Industries, Inc.

Thompson's sales for its fiscal year ended September 30, 2011, were approximately $49.0 million. The purchase price totaled approximately $39.0 million, subject to post closing adjustments. Stella-Jones financed the acquisition through existing credit facilities and an unsecured vendor note of $6.5 million.

"The acquisition of Thompson further enhances Stella-Jones' status as a leading provider of treated wood products and services to the North American railroad industry. More importantly, we expect the transaction to be immediately accretive to earnings and to yield synergies, as our continental network will benefit from greater operating efficiencies," said Brian McManus, president and CEO of Stella-Jones.