CanWel announced Lignum acquisition

VANCOUVER ― CanWel Building Materials Group announced it has reached an agreement with Conifex Timber Inc. to acquire Lignum Forest Products, a private partnership which operates a lumber marketing and distribution business. “Lignum is a well-respected brand in many of our markets and we are extremely pleased to be able to further solidify our North American lumber marketing and distribution capabilities with this acquisition,” said Amar Doman, CanWel’s chairman and CEO. The purchase price will be satisfied from CanWel’s current balance sheet.