VANCOUVER –Equipment supplier BID Group has acquired Vibra-Pro Company, Inc., of Boise, Idaho. Vibra-Pro designs and manufactures vibrating equipment. Vibra-Pro has been providing products, installation and service in the forest industry for over two decades and is a strategic and complementary addition to the suite of products that BID offers. “The acquisition of Vibra-Pro allows…

MONTREAL – FPInnovations has taken the first step toward building an integrated international biomaterials innovation centre under FPInnovations’ leadership in Montreal. The research organization has purchased land totaling more than 360,000 square feet (33,400 square meters) for the future biomaterials centre at the Technoparc de Montréal. “This is an opportunity for the greater Montreal area…

QUÉBEC CITY — To further secure the supply of quality fibre for Québec sawmills and processors, Solifor is continuing its expansion outside Quebec with the acquisition of Ste-Aurelie Timberlands, a 24,910-hectare forest property in Maine. The $36-million deal is Solifor’s second outside Quebec, bringing its out-of-province investments to $65 million. Located at the border of…

SAINT-TITE, Que. – A pyrolysis plant under construction in Quebec has received $1.5 million in funding from the Quebec government. Xylo-Carbone is building a $6.6-million facility in Saint-Tite, Que., to produce charcoal products from local wood. Xylo-Carbone is financed by another Quebec manufacturer, Charbon de bois feuille d’érable, which produces charcoal and firewood. The new…

Mississauga, ON – Canadian Business and PROFIT have ranked Weston Forest No. 315 on the 29th annual PROFIT 500, a ranking of Canada’s fastest-growing companies. This is the third consecutive year that Weston Forest makes an appearance on the list. Published in the October issue of Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks…

VANCOUVER – Western Forestry Contractors’ Association invites industry members to attend the group’s annual workshop focusing on the B.C. market forecast for forestry services for 2018 along with a long-term outlook over the next five years, based on the provincial government’s commitments to forest restoration and carbon sequestration. The Annual Summer Business and Market Summit…

TORONTO – Toromont Industries is significantly expanding its Caterpillar dealership network with the purchase of the businesses and net operating assets of the Hewitt Group of companies. The deal is worth just over $1 billion. Hewitt Equipment Limited is the authorized Caterpillar dealer for the province of Québec, Western Labrador and the Maritimes, as well…

LANGLEY, B.C.— Hardwoods Distribution Inc. generated record second quarter profit of $9.8 million, an 81.9 per cent increase compared to Q2 2016, on the strength of acquisitions. Organic second quarter revenue increased $8.6 million, or 5.5 per cent, year-over-year. Hardwoods is North America’s largest wholesale distributor of architectural grade building products to the residential and…

MONTREAL – The Québec Superior Court has approved the transaction involving the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec. The deal is structured as a statutory arrangement under Section 192 of the Canada Business Corporations Act. The transaction has already received shareholder approval and clearance from Germany’s Federal Cartel…

VANCOUVER – Canfor Corp. reported operating income of $131.0 million for the second quarter of 2017, up $24.2 million from reported operating income of $106.8 million for the first quarter of 2017, as a solid improvement in lumber segment operating earnings more than offset slightly lower pulp and paper segment earnings. Improved lumber segment results…