Goodfellow Inc. signs a letter of intent to form a treated wood manufacturing Company. Goodfellow Inc. and Groupe Lebel Cambium will be jointly shareholders of that company which will consist of seven wood treating plants to better serve markets in Ontario, Quebec and the Atlantic Provinces, Canada.

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Goodfellow Inc. and Groupe Lebel Cambium to create a pressure treated wood manufacturing company

Aug 19, 2015. /Lesprom Network/. Goodfellow Inc. signs a letter of intent to form a treated wood manufacturing Company. Goodfellow Inc. and Groupe Lebel Cambium will be jointly shareholders of that company which will consist of seven wood treating plants to better serve markets in Ontario, Quebec and the Atlantic Provinces, Canada, as the company says in the press release received by Lesprom Network.

Group Lebel Cambium's 4 plants will be combined with Goodfellow's three plants to form a new business unit focused on operational excellence. The company becomes one of the largest producer of treated wood in Eastern Canada with an unrivaled geographic coverage.

In conjunction with the creation of the new company, Goodfellow Inc. receives the exclusive mandate to market and distribute the entire production of the company. This transaction is expected to close in the 4Q 2015 and is subject to customary closing conditions.

Goodfellow Inc. is one of eastern Canada's largest independent re-manufacturers and distributors of lumber and hardwood flooring products.

Groupe Lebel Inc is an important privately-owned Company operating sawmills and value-added wood products fabrication.