Stella-Jones acquired substantially all the operating assets employed in the businesses of Bois KMS (GMI) Ltée and Northern Pressure Treated Wood (N.P.T.W.) Ltd. According to the announcement, the company had completed the transactions on December 21, 2016.
KMS and NPTW manufacture treated wood utility poles at their facilities located in Rivière-Rouge, Québec and Kirkland Lake, Ontario, respectively.
Earlier Stella-Jones appointed a new board member.
About Stella-Jones Inc:
The company is a leading producer and marketer of pressure treated wood products. It supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. Stella-Jones also provides residential lumber to retailers and wholesalers for outdoor applications, as well as industrial products for construction and marine applications. The Company’s common shares are listed on the Toronto Stock Exchange.