Western Forest Products buying US processing and distribution centre
Dec. 21, 2017 - Western Forest Products Inc. announced today that it has entered into an agreement with Hampton Lumber Mills-Washington, Inc. (Hampton) to acquire Hampton’s lumber processing and distribution centre in Arlington, Washington. The purchase price of the transaction is approximately USD $9 million and is anticipated to close in January 2018.
“This acquisition is a natural fit for Western as it allows us to increase the production of targeted, finished products while also providing a centralized warehousing and distribution centre to more effectively service our selected U.S. customers,” said Don Demens, president and chief executive officer of Western. “This asset in Washington State also strengthens our global competitiveness by positioning Western to mitigate the damaging effects of duties on our products destined for the U.S. market.”
The site is ideally suited for Western’s central distribution needs with direct rail service and close proximity to the Company’s major U.S. markets.
December 21, 2017 By Western Forest Products
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