Stella-Jones intends to acquire certain assets of Brisco Wood Preservers Ltd.
May 01, 2012. Stella-Jones Inc. has signed a non-binding letter of intent to acquire certain pole treating assets of Brisco Wood Preservers Ltd., a provider of treated wood poles located in British Columbia, Canada.
May 01, 2012. /Lesprom Network/. Stella-Jones Inc. has signed a non-binding letter of intent to acquire certain pole treating assets of Brisco Wood Preservers Ltd., a provider of treated wood poles located in British Columbia, Canada, as the company said in a press release received by Lesprom Network.
The transaction, if finalized, is expected to close in July 2012 and is subject to customary closing conditions, including entry into a definitive purchase agreement and satisfactory due diligence.
Stella-Jones plans to finance the transaction through existing credit facilities.
Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products. The company supplies North America’s railroad operators with railway ties, timbers and recycling services; and the continent’s electrical utilities and telecommunications companies with utility poles.