7 December, 21:09
Western Forest Products Inc. has entered into an agreement with Hampton Lumber Mills-Washington, Inc. (“Hampton”) to acquire Hampton’s lumber processing and distribution centre in Arlington, Washington. The purchase price of the transaction is approximately $9 million and is anticipated to close in January 2018, as the company says in the press release received by Lesprom Network.
“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 CEO 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.”
Western Forest Products Inc. is an integrated Canadian forest products company and is the largest coastal British Columbia woodland operator and lumber producer.