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

Replica totem pole to be raised at Peace Arch Park

‘Reconciliation ceremony’ will include SFN leaders, provincial politicians

ELECTION QUESTIONS: Does Surrey need its own police force?

Who’s on the right side of Surrey RCMP’s contract issue debate? That’s for voters to decide on Oct. 20

WEB POLL: Is Surrey a safer city since the last election?

Crime and public safety continue to be hot button election issues

Delta resident raises more than $100K for Easter Seals

Archie Campbell has rappelled down the side of a building six times to raise money for disabled kids

Gill says he’s ‘prepared’ to make handguns ‘biggest’ issue in Surrey civic election

Surrey First slate reveals second part of its public safety platform Thursday

VIDEO: Tour de Valley riders visit Surrey elementary school

Students create signs to support riders

Update: Search called off for missing plane between Edmonton and Chilliwack

Search efforts were concentrated along the Highway 5 corridor between Valemount and Kamloops

VIDEO: Woman files complaint over treatment of cat with two broken legs

Ariel Johnston of Abbotsford says her pet was sent home without pain medication

Why Whistler for ski jumping in 2026? Calgary proposal gets pushback

Calgary 2026 proposes re-using the 2010 ski jumping venue Whistler for that sport and nordic

VIDEO: Hundreds line highway as family brings home body of B.C. teen

Northern B.C. showed their support by lining Hwy 16 as Jessica Patrick’s body returned to Smithers.

Despite progress, threat of 232 tariffs dominates NAFTA negotiations

Any deal is seen to require congressional approval before Dec. 1 to survive new Mexican government

B.C. MP Todd Doherty receives award for saving man who collapsed on a plane

Conservative MP was flying from Vancouver to Prince George, B.C., in June last year

Alleged border jumper from Oregon facing 2 charges after police chase in B.C.

Colin Patrick Wilson charged with dangerous operation of motor vehicle, flight from a peace officer

More than 35 B.C. mayors elected without contest

No other candidates for mayor in the upcoming local election in 22 per cent of B.C. cities

Most Read