Western Forest buys lumber producer Columbia VistaThursday, February 7, 2019
Vancouver, BC –
Western Forest Products Inc. has announced that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corp. and certain related entities located in Vancouver, Washington, for consideration of $30.5 million.
Columbia Vista is a lumber manufacturer that focuses production on Douglas Fir specialty products for the Japanese and U.S. markets. Columbia Vista operates a sawmill business in Washington State and has been in business for over 60 years. The operations employ approximately 90 employees and produced approximately 60 million board feet of lumber in 2017.
“This acquisition is consistent with our strategy of pursuing margin-focused business opportunities that complement our position in selected markets. Bringing Western and Columbia Vista together provides Western the opportunity to expand its Douglas Fir specialty product offerings, particularly in Japan where our customers have been asking us to source Douglas Fir to complement our B.C. Hemlock,” said Don Demens, Western’s President and CEO.
“We look forward to working with Bob Lewis, Columbia Vista’s owner, who will be remaining with Western following the closing of the transaction in a consulting capacity.”Read all News