Doman acquires two US lumber treating plants

Doman Building Materials Group Ltd.’s wholly owned subsidiary in the US doing business as Doman Lumber has acquired two lumber pressure treating plants, related equipment, and the business formerly owned by Southeast Forest Products Treated, Ltd. in Richmond, IN, and Birmingham, AL.

Doman says the plants are strategically located near its existing lumber facilities, significantly expanding and complementing its suite of central US offerings, and newly accessing additional southern and eastern US markets, with minimal geographical overlap. The acquisition adds approximately 300 million board feet of annual treating capacity to the Doman Lumber platform.

“The acquisition is very much in-line with our growth strategy and consistent with our view of value for what we are purchasing, and value creation for shareholders as we look forward to working on our integration efforts as we have done with previous opportunities,” says Amar Doman, CEO of Doman.