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

Greyhound’s departure opens door for BC Bus

After years of service cuts and declining service quality, Greyhound’s corporate owners… Continue reading

Update: Park pipeline protesters say arrest is a ‘declaration of war’

Led by Kanahus Manuel, the Tiny House Warriors moved into park in Clearwater last week

Police investigating more racist slogans on First Nations signs

Police are investigating racist graffiti being posted on First Nations signs in the Kamloops area

Update: Kamloops wildfire now mapped at 500 hectares

Firefighters worked overnight on what was a fast-growing wildfire east of Kamloops.

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Update: Police probe Toronto shooting that killed 2, injured 12; suspected gunman dead

Paramedics said many of the victims in Danforth, including a child, were rushed to trauma centres

Deadly L.A. market shooting started with domestic feud

A domestic incident ended after a car crashed into a pole outside Trader Joe’s market

Sunken duck boat to be raised after deadly Missouri accident

17 people died over the weekend in a deadly boat incident

Man extradited to Canada in B.C. killing, following arrest in South Korea

28-year-old Jui-Kai Weng was charged with second-degree murder and attempted murder

Canada beats Triple Crown for Canada Cup softball title

National team’s championship is first at B.C. tournament since 1996

Record high in Japan as heat wave grips the region

The temperature in a city north of Tokyo reached 41.1 degrees Celsius (106 degrees Fahrenheit) on Monday, the highest ever recorded in Japan.

Feds looking at ways to tackle wave of gun violence in Toronto: Minister

Toronto mayor John Tory spoke to the press following a mass casualty event in Toronto.

Inquest set in death of RCMP’s spokesperson for Robert Dziekanski case

Former Mountie Pierre Lemaitre died of self-inflicted injuries in Abbotsford in 2013

Most Read