- Doman Building Materials Group (DBM) has completed its acquisition of the lumber pressure treating plant, related equipment and business formerly owned by Fontana Wood Preserving
- Doman Building made the acquisition through its wholly owned subsidiary L.A. Lumber Treating, Ltd
- The acquisition adds fire retardant treating along with an almost doubling of the company’s overall capacity for Southern California
- L.A. Lumber joins the company’s California Cascade family of businesses
- Doman Building Materials Group is up 0.70 per cent, trading at C$8.58 at 2:06 pm ET
Doman Building Materials (DBM) has acquired the lumber pressure treating plant, equipment and business formerly owned by Fontana Wood Preserving.
Vancouver-based Doman Building made the acquisition through its wholly owned subsidiary L.A. Lumber Treating, Ltd.
“We are very excited with this acquisition. The plant complements our US West Coast operations and strengthens our footprint in the strong Southern California and southwestern US markets. This strategic acquisition exemplifies our strategy of adding scale and volume to the US West Coast in pressure treated lumber and specialty wood products,” said Doman Chairman and CEO Amar Doman.
L.A. Lumber joins the company’s California Cascade family of businesses.
The plant is located in Fontana, California and strategically located near another California Cascade facility.
The acquisition adds fire retardant treating along with an almost doubling of the company’s overall capacity for Southern California.
The company expects the acquisition of the plant to immediately increase its earnings per share (EPS).
Doman is a North American distributor of building materials and is Canada’s only fully integrated national distributor in the building materials and related products sector.
Doman Building Materials Group is up 0.70 per cent, trading at C$8.58 at 2:06 pm ET.