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.).

Stockwatch Daily - - FRONT PAGE - Mr. Don De­mens re­ports

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

(WEF) Shares: 395,855,092

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