CanWel to acquire Hawaiian PTW supplier

VANCOUVER — CanWel Building Materials Group Ltd. has entered into a definitive agreement with Colorado-based Grey Mountain Partners to acquire the Honsador Building Products group of companies for US$80.0 million ($100 million) in cash. Founded in 1935, Honsador distributes building products and electrical supplies. It is a producer of pressure-treated wood in Hawaii, with 14 facilities across the Big Island, Maui, Oahu, and Kauai serving the residential, commercial and military markets. The transaction will result in Honsador becoming an indirect wholly-owned subsidiary of CanWel and will combine Honsador’s operations with CanWel’s North American platform.