VANCOUVER, BRITISH COLUMBIA - Conifex Timber Inc. has acquired Lignum Forest Products LLP, a private partnership which operates a lumber marketing and distribution business.
As an established name in the forestry and lumber distribution business in British Columbia, Lignum serves customers and distributes products that are complementary to those of Conifex. Lignum also provides extensive market reach in the North American market through a network of established inventory locations.
“We are pleased to have Lignum become part of Conifex,” says Ken Shields, Chief Executive Officer of Conifex. Shields also says the company is “committed to providing the support and resources the Lignum team requires to continue to deliver timely and professional services."
Conifex will pay an aggregate purchase price of approximately US$4 million for Lignum, subject to certain post-closing adjustments, which it is funding from its existing available cash.
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