- WFP Engineered Products, a wholly-owned subsidiary of Western Forest Products Inc. (WEF), has acquired assets of Calvert Company Inc.
- Calvert, one of the oldest glulam manufacturers in the U.S., has more than 60 years of experience producing high-quality glulam beams in multiple species
- Western Forest Products Inc. is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets
- Western Forest Products Inc. opened trading at $1.54 per share
WFP Engineered Products, a wholly-owned subsidiary of Western Forest Products (WEF), has acquired assets of Calvert Company Inc.
Calvert, one of the oldest glulam manufacturers in the U.S., has more than 60 years of experience producing high-quality glulam beams in multiple species, including Douglas fir, southern yellow pine and yellow cedar, for industrial, commercial and residential projects around the world.
Calvert has manufacturing facilities in Washougal, Washington and Vancouver, Washington with a combined annual glulam capacity of approximately 35 million board feet on a two shift basis.
Calvert’s operations employ approximately 60 employees and produced approximately 13 million board feet of glulam in 2021 on a single shift basis.
“We are thrilled to welcome Calvert’s employees to Western,” stated Don Demens, Western’s President and CEO.
“This acquisition, which is consistent with our strategy of moving up the value chain by adding to our portfolio of value added products, is an exciting new chapter for Western as we seek to position the company as a market leader in the growing solid wood engineered product segment,” he added.
Western Forest Products Inc. is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets.
Western Forest Products Inc. (WEF) opened trading at $1.54 per share.