Maibec Acquiring Shingle Facility

Maibec Inc. will acquire the Stave Lake Cedar Mills pre-finishing facility in Dewdney, BC, from Waldun Forest Ltd. As part of the acquisition, Maibec will also assume the assets and brand rights for Stave Lake Cedar Shingles, Western Red Cedar Shingles, and Yellow Cedar Shingles. The closing is expected to be completed by the end of November. After that, Stave Lake Cedar Mill will operate under the name of Maibec Stave Lake. Waldun will remain a shingle supply partner of Maibec – Stave Lake.