Doman acquires Fontana Wood Preserving
Doman Building Materials Group, the former CanWel Building Materials, reported that its subsidiary L.A. Lumber Treating, Ltd. (L.A. Lumber) has acquired the lumber pressure treating plant, related equipment and business formerly owned by Fontana Wood Preserving, Inc. and Fontana Wholesale Lumber, Inc.
L.A. Lumber joins the company’s California Cascade family of businesses.
The plant is situated in Fontana, Calif. and is located near another Cascade facility in the state. The acquisition adds fire retardant treating along with an almost doubling Doman’s overall capacity in Southern California.
The purchase price was not disclosed and was paid in cash from the existing credit facilities of the Doman group.
“The plant complements our U.S. West Coast operations and strengthens our footprint in the strong Southern California and southwestern US markets,” said Amar Doman, chairman and CEO of Doman. “This strategic acquisition exemplifies our strategy of adding scale and volume to the US West Coast in pressure treated lumber and specialty wood products.”
Doman is headquartered in Vancouver, British Columbia and operates CanWel Building Materials, Hixson Lumber Company, California Cascade, and Honsador Building Products Group, among other divisions.
