CanWel to acquire lumber pressure treating plant

December 05, 2018
Source:
CanWel/Fordaq
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303
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CanWel Building Materials Group Ltd. announced that its wholly owned subsidiary CanWel Building Materials Ltd. has acquired the lumber pressure treating plant and related equipment and business formerly owned by Western Wood Treating, Inc.

The plant is located in Woodland, California and specializes in producing pressure treated wood products suitable for a variety of building project applications, and has been in business for more than 30 years. The plant has high capacity cylinders capable of servicing all lumber types including, dimensional, timbers, fencing, and plywood. The purchase price for the acquisition will be satisfied from the Company’s existing credit facilities and is expected to be accretive in 2019.

CanWel is Canada’s only fully integrated national distributor in the building materials and related products sector.