Canada | USA
Stella-Jones Intends to Acquire Certain Assets of Brisco Wood Preservers Ltd.
Stella-Jones Inc. has signed a non-binding letter of intent to acquire certain pole treating assets of Brisco Wood Preservers Ltd., a provider of treated wood poles located in British Columbia.
The transaction, if finalized, is expected to close in July 2012 and is subject to customary closing conditions, including entry into a definitive purchase agreement and satisfactory due diligence.
Stella-Jones plans to finance the transaction through existing credit facilities.
Learn more at www.stella-jones.com.
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About Stella-Jones Inc.
Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products. The company supplies North America’s railroad operators with railway ties, timbers and recycling services; and the continent’s electrical utilities and telecommunications companies with utility poles. Stella-Jones also provides industrial products and services for construction and marine applications, as well as residential lumber to retailers and wholesalers for outdoor applications.