RIVIERE-DU-LOUP, Que. - A subsidiary of Groupe Lebel, Bois Daaquam has entered into an agreement to acquire Maibec's lumber division. The division includes two mills, at St-Pamphile, Quebec, and Masardis, Maine.
Maibec Inc. acquired Cedar Balmoral Ltd., a manufacturer of Eastern white cedar shingles located in Balmoral, New Brunswick. Maibec says the growing demand for its natural and stained cedar shingles has been outpacing its production capacity