Maibec is selling its two lumber sawmills to Groupe Lebel

August 07, 2018
By Maibec
Aug. 7, 2018 - Maibec is happy to announce that it concluded a transaction with Groupe Lebel of Rivière-du-Loup for their acquisition of the Maibec lumber mills located in St-Pamphile, Que., and Masardis, Maine.

The 315 employees of Maibec that are concerned by this transaction will maintain their employment with Groupe Lebel.

"This transaction allows the Maibec employees who work in both sawmills to join a family owned Quebec company that is well established in the Lower St-Lawrence lumber industry. Group Lebel will continue to develop its sawmilling sector and will be able to face new challenges in this sector with renewed confidence," said François Tardif, president of Maibec.

"Maibec will now focus on growing its pre-stained exterior siding's systems based on lap sidings and shingles manufactured with solid wood or wood-based engineered material. Maibec recently announced the launching of the Maibec Resistech siding systems manufactured on LP SmartSide from Louisiana-Pacific," Tardif added.

As both companies are privately owned, the details pertaining to this transaction will not be made public and no additional comments will be provided.

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