Western Forest Products Inc. Completes Acquisition of Columbia Vista Corporation
Western Forest Products Inc. (“Western” or the “Company”) announced the completion of its previously announced acquisition of certain assets of Columbia Vista Corporation and related entities (collectively “Columbia Vista”) located in Vancouver, Washington.
“This acquisition is consistent with our strategy of pursuing margin-focused business opportunities that complement our position in selected markets,” said Don Demens, Western’s President and CEO. “We are excited to welcome Columbia Vista’s employees to Western.”
Columbia Vista is a lumber manufacturer that focuses production on Douglas Fir specialty products for the Japanese and U.S. markets. Columbia Vista operates a sawmill business in Washington State and has been in business for over 60 years. The operations employ approximately 90 employees and produced approximately 60 million board feet of lumber in 2017.
About Western Forest Products Inc.
Western is an integrated forest products company, with operations and employees primarily on the coast of British Columbia and in Washington State, and is the largest coastal British Columbia timberlands operator and lumber producer. The Company has an annual available harvest of approximately 6 million cubic metres of timber, of which 5.8 million cubic metres is from Crown lands, and has a lumber capacity in excess of 1.1 billion board feet from eight sawmills. Principal activities of the Company include timber harvesting, sawmilling logs into specialty lumber, and value added remanufacturing. Western is a premier supplier of high-value, specialty forest products to markets worldwide.
Stephen Williams – Executive Vice President & Chief Financial Officer – (604) 648-4500
Source: Western Forest Products Inc.