Montreal – Stella-Jones Inc. has entered into an agreement to purchase Cahaba Pressure Treated Forest Products Inc. for $66 million, including $8 million in working capital.
Stella-Jones Inc. (TSX:SJ) second quarter sales reached $428.1 million, up 24.2% from $344.8 million a year ago, with railroad ties, construction lumber and utility poles sales benefiting from a strong U.S. currency and homebuilding market.
McFarland Cascade Investment Co. announced that it has agreed to sell all of the shares of McFarland Cascade Holdings, Inc., a provider of treated wood products based in Tacoma, Washington, to Stella-Jones Inc., a North American manufacturer of pressure treated wood products.