04.01.2019 – CanWel Building Materials Completes Acquisition of Lignum Forest Products LLP
VANCOUVER, CANADA – April 1, 2019 – CanWel Building Materials Group Ltd. (“CanWel” or “the Company”) (TSX:CWX; CWX.NT.A) announced today that it has completed the acquisition of Lignum Forest Products LLP (“Lignum”).
Lignum is a well-established brand in the lumber and forestry distribution market in western Canada and the US. The acquisition further solidifies and complements CanWel’s North American distribution capabilities and reach with existing and new customers, through the addition of Lignum’s network of established inventory locations.
“’We welcome the Lignum team to CanWel. We are proud to have this great company as part of the CanWel family,” noted Amar Doman, Chariman and CEO of CanWel.