EACOM announces complete acquisition of Anthony-EACOM
By EACOM Timber Corp.
April 3, 2017 - EACOM Timber Corporation is pleased to announce that it has completed the purchase of Anthony-EACOM shares from Canfor Corporation.
Anthony-EACOM, which manufactures and distributes Power Joist — a high quality solid flange I-joist, had previously been a 50/50 joint venture between Canfor and EACOM. Aptly named Power Joists, these engineered wood I-joists provide a high performance alternative to dimension lumber joists for floor and roof applications. The engineered wood mill is located in Sault Ste. Marie, Ont., where EACOM also owns five softwood lumber mills.
''We have had great partnerships with Anthony Forest Products and later Canfor to operate Anthony-EACOM," said Kevin Edgson, president and CEO of EACOM. "It's now important for EACOM to secure assets that will contribute to the company's resilience and this acquisition is part of EACOM's growth strategy."
The change in ownership will result in the transfer of over 50 employees to the management of EACOM.
''We proudly welcome Anthony-EACOM and its employees to our asset base,'' added Edgson. "Power Joists will add to the variety of quality wood products offered to our customers.''