CanWel earnings up at year-end

VANCOUVER ― CanWel, the building supplies wholesaler, reported year-end revenues of $825 million, up 8.6% compared to $759 million in 2014. The increase was due primarily to sales generated by CanWel’s newly acquired California division. The company also cited “continued focus on product mix strategies and target customer base, as well as the mild weather across Canada during the fourth quarter of 2015” for the boost. For the fourth quarter, revenues increased by 23.3% to $193 million.