CanWel to buy Total Forest Industries

VANCOUVER — CanWel Building Materials announced that it has agreed in principle to acquire the business of Total Forest Industries, a lumber pressure treating plant in Hagersville, Ont., from a privately held arm’s-length vendor. The facility will be CanWel’s tenth North American treating plant. Amar Doman, CanWel’s CEO and chairman, welcomed the agreement, saying it will “further strengthen our vertically integrated business model.”