CanWel Building Materials Group Ltd. (TSX:CWX) announced February 1 that it has completed its purchase of NorthWest Wood Preservers’ assets, including a lumber pressure-treating plant in Prince George, related equipment and property. That plant has been a supplier to CanWel.
CanWel's assets now include four treating plants and 18 distribution centres across Canada. Canwel paid an undisclosed amount of cash for the assets.
“We are very pleased to conclude this acquisition, which further vertically integrates our business and is expected to be accretive for the company this fiscal year,” said Canwel CEO and chairman Amar Doman.
“I would also like to welcome all of our new and valued employees to the CanWel family.”
Glen Korstrom
@GlenKorstrom