Western Forest Products acquiring operations from Hampton Lumber
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.
American Builders Supply deal is in the books
Sanford, Fla.-based American Builders Supply was officially sold to Kodiak Finance, Inc., a subsidiary of Denver-based Kodiak Building Partners. ABS had previously been owned by private equity firm Blue Wolf Capital Partners of New York.
Plans for the deal were originally reported early last month.
ABS is the largest independent distributor and installer of doors, millwork, windows and trusses in Florida. Blue Wolf acquired ABS in early 2011, in partnership with the company’s founder, Chad Barton, when the company was struggling in the wake of the 2008 housing market crash.
Weyerhaeuser expands Homasote 440 SoundBarrier panels distribution
Weyerhaeuser Distribution has expanded its offering of Homasote 440 SoundBarrier panels to centers in Denver, Dallas, Houston and Tacoma, Wash.
Previously the sound-deadening product was successfully carried by distribution centers in California in Fresno, Stockton, Fontana and Santa Clarita, along with in centers in Boise, Idaho.
"We've been experiencing strong results of distributing these products in high density housing markets throughout California and feel there's a good fit for expanding that distribution into Texas, Washington and Colorado," said David Helmers, VP of Weyerhaeuser Distribution. "The capabilities of 440 SoundBarrier to control sound in floors, walls and ceilings can be a remarkable asset to any builder, but especially to those working in the multi-family housing market."
The 440 SoundBarrier is a special-density, structural board made from 100% environmental Homasote cellulose fiber containing 98% recycled product. The homogeneous composition is manufactured with uniformly distributed protection against termites, rot and fungi along with resistance to mold, mildew and moisture. The made in America boards also insulate, with twice the R-value of wood. Additionally, the boards can be applied directly to framing and come in a variety of sizes
"These lightweight boards are an excellent alternative to liquid gypsum on floors, and resilient channel or expensive gypsum sound boards on walls,” said Christine Lemonick, director of sales and marketing for Homasote.
Seattle-based Weyerhaeuser is one of the largest global forest products companies and produces a variety of building products including OSB and structural farming materials.