CanWel announces U.S. expansion

VANCOUVER — CanWel has announced its intention to buy up an unidentified privately-owned building products distribution and treating company based in California. CanWel is offering some $45 million plus assumed debt for the target company, which has done business for almost 50 years in California, Arizona, and Nevada. Many of its customers and suppliers are shared with CanWel. Amar Doman, CanWel’s CEO and chairman, commented that the deal will give the company “an immediate presence in the robust California market.”