Western Forest Products Inc. has entered into an agreement to acquire Hampton Lumber’s processing and distribution facility in Arlington, Wash.
The purchase price is $9 million and is expected to close in January 2018, Western Forest Products reported. The Vancouver, British Columbia-based company also said the operations are ideally suited for Western Forest Products central distribution needs with direct rail service — including close proximity to the company’s major U.S. markets.
“This acquisition is a natural fit for Western as it allows us to increase the production of targeted, finished products while also providing a centralized warehousing and distribution center to more effectively service our selected U.S. customers,” said Don Demens, president and CEO of Western Forest Products. “This asset in Washington State also strengthens our global competitiveness by positioning Western to mitigate the damaging effects of duties on our products destined for the U.S. market.”
Western Forest Products is an integrated Canadian forest products company and is the largest coastal British Columbia woodland operator and lumber producer.
Based in Portland, Ore., Hampton Lumber operates nine mills in Oregon, Washington and British Columbia.