Forest products producer Marwood Ltd. has announced that it has agreed to purchase all of the assets of Fraser Specialty Products Ltd., operating as Fraser Wood Siding. Fredericton, N.B.-based Marwood said in a release that the acquisition will add a ninth manufacturing site to its network. Fraser, headquartered in Edmundston, N.B., manufactures and paints solid wood siding, trims, and shingles.
“This acquisition … will further enhance our product offering and overall manufacturing capacity of our Cape Cod Siding Division,” said Daniel Goodine, president of Marwood, in a release.
The transaction is scheduled to close on Jan. 31, subject to customary closing conditions.
