CanWel Building Materials Group Ltd. announced that through its Honsador Group of Companies has acquired the truss design and manufacturing plant and related equipment and business, formerly owned by Vickers Island Truss, Ltd. (“Island Truss”).
Since 1995, privately owned Island Truss has been providing the entire island of Kauai with a great assortment of truss designs and products. Island Truss is Kauai's only on-island truss manufacturing plant and has built a reputation for excellence, servicing the requirements of many of Kauai's finest hotels, resorts, homes and schools.
The purchase price of the acquisition will be satisfied from CanWel’s existing credit facilities, and the acquisition is expected to be accretive from closing.
Founded in 1989, CanWel is headquartered in Vancouver, British Columbia, is Canada’s only fully integrated national distributor in the building materials and related products sector.