November 12, 2020
Maibec inc and Waldun Forest Ltd announced today a joint agreement for Maibec’s acquisition of Stave Lake Cedar Mills prefinishing facility located in Dewdney, British Columbia as well as the assets and brand rights for Stave Lake Cedar Shingles, value added Western Red Cedar and Yellow Cedar Shingles.TM, les bardeaux de cèdre rouge de l’Ouest et les bardeaux de cèdre jaune de l’Alaska.
The closing of this transactionis subject to customary closing conditions and is expected to be completed bythe end of November 2020.
After then Stave Lake Cedar Mill will operate under the name of Maibec Stave LakeTM.
A press release is available for further information. Download the press release here.