Goodfellow and Lebel make deal

DELSON, Que. ― Goodfellow announced it has signed an agreement with Groupe Lebel Cambium to form a treated wood manufacturing company. The two signatory companies will be the joint shareholders of the new company, which will consist of seven wood treating plants serving markets in Ontario, Quebec, and Atlantic Canada. Lebel’s four plants in Bancroft and Caledon, Ont., and in Dégelis and St-Joseph, Que., will be combined with Goodfellow’s three plants in Delson, Que.; Elmsdale, N.S.; and Deer Lake, Nfld., to form one of the largest and most geographically broad producers of treated wood in Eastern Canada. The transaction is expected to close in the fourth quarter.