The acquisition, if finalized, is expected to close early in the new 2016 fiscal year and is subject to customary closing conditions, including execution of a definitive binding agreement and satisfactory due diligence. Goodfellow plans to finance the transaction through existing credit facilities.
Quality Hardwoods will operate in its current form whilst benefiting from Goodfellow's support.
Quality Hardwoods Ltd. manufactures, sells and distributes Hardwood lumber products.
Goodfellow Inc. is one of eastern Canada's largest independent re-manufacturers and distributors of lumber and hardwood flooring products.
