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

PHOTOS: Alberta male team takes silver in Winter Games relay speed skating

Alberta was close behind Quebec in the team relay speed skating finals

Lacombe Police Service respond to car theft at Greenway Inn

Suspect is still outstanding and the investigation is ongoing

Lacombe Police Service responds to attempted car theft

Two suspects departed scene in a silver 2000 Dodge Caravan

Alberta was crowned champions in Wheelchair Basketball at Canada Winter Games

Ontario won silver while Quebec took home the bronze medal

Lacombe welcomes ‘Napalm Girl’ to discuss journey from hatred to forgiveness

Latest Herr Lecture to feature Kim Phuc Phan Thi at LMC

WATCH: Canada Games Torch Relay lights spark in Lacombe

100s brave blistering cold to support local torchbearers

WATCH: Pet therapy brings calmness to Winter Games athletes

Canada Winter Games in Red Deer continue on until March 2nd

R. Kelly charged with 10 counts of sexual abuse

R&B star has been accused of sexual misconduct involving women and underage girls for years

Child advocacy centre raising funds through Dream Home Lottery

The child advocacy centre in Red Deer uses its resources to help kids all over Central Alberta

Trudeau tells Canadians to listen to clerk in SNC-Lavalin matter

Privy Council clerk Michael Wernick delivered a blunt assessment at the House of Commons justice

Mueller report looming, new attorney general in hot seat

Robert Mueller is required to produce a confidential report to pursue or decline prosecutions

B.C. woman shares story of abuse with church officials ahead of Vatican summit

Leona Huggins was the only Canadian in the gathering ahead of a historic summit at the Vatican

Sylvan Lake’s Megan Cressey misses Freestyle Skiing Big Air podium

Alberta’s Jake Sandstorm captured silver in the men Freestyle Skiing Big Air contest

Why do zebras have stripes? Perhaps to dazzle away flies

Researchers from University of Bristol look into why zebras have stripes

Most Read