Groupe Lebel to acquire the Cambium Group
Sept. 11, 2013, Rivière-du-Loup - President and CFO of Groupe Lebel, Frédéric Lebel, has signed a formal letter of intention to acquire all the issued and outstanding shares of the Cambium Group.
The transaction will allow the company to position itself as fully integrated in the commercial manufacturing and treatment of wood for exterior products in Canada. The combined operations will increase the company's presence in Eastern Canada and the U.S.
Following this transaction, the Groupe Lebel operations will encompass 16 locations in Quebec and Ontario including five sawmills, four treatment plants, four manufacturers and three sales and service offices with a total of almost 400 employees.
All plant operations will continue as normal.