Softwood lumber shipments from British Columbia to the United States fell 20 per cent in March with railway transportation problems. (Photo by THE CANADIAN PRESS)

B.C. Taiga Building Products Ltd. to buy Exterior Wood Inc. for $55 million

Headquartered in Burnaby, B.C., Taiga will acquire all of the issued and outstanding shares of Exterior Wood for US$42 million.

Taiga Building Products Ltd. has signed a deal to buy Exterior Wood Inc. for about $55 million.

The company says the acquisition of Exterior Wood and the expansion of its wood treatment business is a significant step forward in its strategy of pursuing value enhancing opportunities.

Headquartered in Burnaby, B.C., Taiga will acquire all of the issued and outstanding shares of Exterior Wood for US$42 million.

Exterior Wood has been operating a wood treatment facility and distribution centre in Washougal, Wash., since 1977.

The company also services retail building supply centres throughout the Western United States and Canada.

Taiga is a wholesale distributor of building materials with distribution centres in Canada and the United States.

Related: B.C. loggers struggle despite record lumber prices

Companies in this story: (TSX:TBL)

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

North Cowichan and the City of Duncan receive awards for financial work

Awards recognize excellence in financial reporting

Cowichan Valley High School Bowling Program high scores

Briana Wright reigns in ladies’ scoring

Cowichan Red Arrow wins first crossover match

Run continues for Cowichan’s Div. 4 soccer team

Will Arnold spearheads drive to clean up Duncan neighbourhood

Will Arnold offers a grim assessment of the community he has fallen… Continue reading

VIDEO: Lake Cowichan minor hockey Lakers of all ages shine at big Jamboree Day

With a Skills Competition and a full slate of games, there was fun for everyone on Jamboree Day

Coming up in Cowichan: Anti-pipeline meeting; women’s shelter open house

Public meeting in Duncan to support pipeline protests A public meeting has… Continue reading

LETTER: Seniors home care, day programs expanding, Adrian Dix says

B.C. health minister responds to latest Seniors Advocate report

B.C. woman wins Instagram celebrity’s boob job contest

‘Kirill was here’ held a contest for women to win a boob job and a trip to Miami

Man pulls over to help injured owl, gets hit by SUV

Chase RCMP say owl flew away while they were on scene

New food guide addresses ‘elephant’ in the room – alcohol

Experts welcomed the tougher stance on an issue they say demands a co-ordinated strategy

Cannabis sales up 25% in November as overall retail sales fall 0.9%

Cannabis store sales totalled $54 million in the first full month of legal recreational pot sales

LNG Canada support far outweighs protests, CEO says

Andy Calitz vows completion on schedule at B.C. Natural Resource Forum

Most Read