Western Forest chooses Washington for U.S. expansion
Western Forest Products Inc. plans to acquire Hampton Lumber Mills-Washington Inc.’s lumber processing and distribution centre in Arlington, Wash., for $9-million (U.S.).
WESTERN FOREST Products Inc. has entered into an agreement with Hampton Lumber Mills-Washington Inc. to acquire Hampton’s lumber processing and distribution centre in Arlington, Wash. The purchase price of the transaction is approximately $9-million (U.S.) and is anticipated to close in January, 2018.
“This acquisition is a natural fit for Western as it allows us to increase the production of targeted, finished products while also providing a centralized warehousing and distribution centre to more effectively service our selected U.S. customers,” said Don Demens, president and chief executive officer of Western. “This asset in Washington State also strengthens our global competitiveness by positioning Western to mitigate the damaging effects of duties on our products destined for the U.S. market.”
The site is ideally suited for Western’s central distribution needs with direct rail service and close proximity to the company’s major U.S. markets.
About Western Forest Products Inc.
Western is an integrated Canadian forest products company and is the largest coastal British Columbia woodland operator and lumber producer. The company has an annual available harvest of approximately 6.1 million cubic metres of timber, of which approximately 5.9 million cubic metres are from Crown lands. Western has a lumber capacity in excess of 1.1 billion board feet from seven sawmills and one remanufacturing plant. Principal activities conducted by the company include timber harvesting, reforestation, sawmilling logs into lumber and wood chips, and value-added remanufacturing.
We seek Safe Harbor.
James Douglas Arthurs, Jane M Bird, Donald Eugene Demens, Robert Lee Doney, Daniel Louis Nocente, John Barrie Shineton, Michael T Waites
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