Softwood lumber shipments from British Columbia to the United States fell 20 per cent in March with railway transportation problems. (Photo by THE CANADIAN PRESS)

B.C. Taiga Building Products Ltd. to buy Exterior Wood Inc. for $55 million

Headquartered in Burnaby, B.C., Taiga will acquire all of the issued and outstanding shares of Exterior Wood for US$42 million.

Taiga Building Products Ltd. has signed a deal to buy Exterior Wood Inc. for about $55 million.

The company says the acquisition of Exterior Wood and the expansion of its wood treatment business is a significant step forward in its strategy of pursuing value enhancing opportunities.

Headquartered in Burnaby, B.C., Taiga will acquire all of the issued and outstanding shares of Exterior Wood for US$42 million.

Exterior Wood has been operating a wood treatment facility and distribution centre in Washougal, Wash., since 1977.

The company also services retail building supply centres throughout the Western United States and Canada.

Taiga is a wholesale distributor of building materials with distribution centres in Canada and the United States.

Related: B.C. loggers struggle despite record lumber prices

Companies in this story: (TSX:TBL)

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Abbotsford’s city centre and downtown plans to head for public hearing

After years of planning work, final chance for public to add opinion will come in April

Abbotsford counsellor publishing book on experience with ADHD

Ted Leavitt hopes to break barriers for those with the disorder, reduce stigma from those without it

Fraser Valley Bandits draft Abbotsford’s Joel Friesen first overall

Professional basketball team reveals 13 players selected at CEBL draft

Abbotsford council votes to increase their event expense limits

Increase needed in case annual conferences require significant travel, staff say

Plans redrawn for Fraser Valley Inn redevelopment

Owner of building scales back plans on inn site, adds proposal to build second low-rise

Sparks fly as SUV speeds down wrong side of Highway 1 trying to flee RCMP

Captured on video, the vehicle headed westbound against oncoming traffic before crashing

Trudeau calls May 6 byelection for B.C. riding of Nanaimo-Ladysmith

The riding opened up when Sheila Malcolmson resigned in January

B.C. VIEWS: The hijacking of our education system gathers speed

Children taught to strike and shout fringe far-left demands

Judges on Twitter? Ethical guidance for those on the bench under review

Canadian judges involvement in community life are among issues under review

VIDEO: Vancouver fall to Seattle in Game 2 of the playoffs

Thunderbirds topple the Giants 4-1 in Langley, evening the Western Conference series one game each

Calgary captain has 3 points as Flames torch Canucks 3-1

Giordano leads way as Alberta side cracks 100-point plateau

1,300 cruise ship passengers rescued by helicopter amid storm off Norway’s coast

Rescue teams with helicopters and boats were sent to evacuate the cruise ship under extremely difficult circumstances

Province announces $18.6 million for B.C. Search and Rescue

The funding, spread over three years, to pay for operations, equipment, and training

Vancouver-bound transit bus involved in fatal crash near Seattle

One man was killed and a woman injured in crash with bus purchased by TransLink

Most Read