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Western Forest To Buy Hampton's Processing Centre In Washington For $9 Mln

Western Forest Products Inc. (WEF.TO), a Canadian forest products company, announced late Wednesday that it has entered into an agreement to acquire lumber processing and distribution centre in Arlington, Washington from Hampton Lumber Mills-Washington, Inc.

The purchase price of the transaction is approximately $9 million and is anticipated to close in January 2018.

The company noted that the site is ideally suited for Western's central distribution needs with direct rail service and close proximity to the Company's major U.S. markets.

Don Demens, President and CEO of Western, said, "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 centre to more effectively service our selected U.S. customers. 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."

by RTT Staff Writer

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