VANCOUVER – Western Forest Products has agreed to acquire Hampton Lumber Mills-Washington’s lumber processing and distribution centre in Arlington, Washington. The purchase price is approximately USD $9 million and the deal is expected to close in January 2018.
“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,” said Don Demens, president and CEO of Western.
“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.”
The site offers direct rail service and close proximity to Western’ major U.S. markets.
Western is the largest coastal British Columbia woodland operator and lumber producer. It has lumber capacity in excess of 1.1 billion board feet from seven sawmills and one remanufacturing plant.