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Maibec is selling its two lumber sawmills to Groupe Lebel inc.

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Maibec is selling its two lumber sawmills to Groupe Lebel inc.

Canada NewsWire

« This transaction allows the Maibec employees who work in both sawmills to join a family owned Quebec company that is well established in the Lower St-Lawrence lumber industry. Group Lebel will continue to develop its sawmilling sector and will be able to face new challenges in this sector with renewed confidence. »

François Tardif, President of Maibec

LEVIS, QC, Aug. 6, 2018 /CNW Telbec/ - Maibec is happy to announce that it concluded a transaction with Groupe Lebel of Rivière-du-Loup for their acquisition of the Maibec lumber mills located in St-Pamphile, Quebec and Masardis, ME. The 315 employees of Maibec that are concerned by this transaction will maintain their employment with Groupe Lebel. As both companies are privately owned, the details pertaining to this transaction will not be made public and no additional comments will be provided.

Logo: Maibec Inc. (CNW Group/Maibec Inc.)

« Maibec will now focus on growing its pre-stained exterior siding's systems based on lap sidings and shingles manufactured with solid wood or wood-based engineered material. Maibec recently announced the launching of the Maibec Resistech® siding systems manufactured on LP SmartSide® from Louisiana-Pacific. », added François Tardif, president of Maibec.

About Maibec Inc.

Maibec inc. is a family owned company from Quebec which has been involved in wood products manufacturing since 1946. Maibec is the most important Canadian manufacturer of genuine wood sidings and also the most important manufacturer of white cedar shingles in the East of North-America. Specializing in exterior siding systems, the company is well recognised for its know-how in innovation and product personalisation. Maibec has established a partnership with Fonds de Solidarité FTQ since 2013. After this transaction, Maibec will pursue its business development initiatives, supported by the remaining 585 employees working in the 8 Maibec manufacturing facilities located in St-Pamphile, St-Théophile, Balmoral (N-B) and the Lévis headquarter.

About Group Lebel inc.

Group Lebel is a family business that has been working in forestry for over 60 years. Headquartered in Rivière-du-Loup in Lower St. Lawrence, it is deeply rooted regionally in 13 municipalities in Quebec and 2 in Ontario. Once the transaction is complete, the company will employ approximately 950 people through first, second and third transformation activities.

 

SOURCE Maibec Inc.

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