MONTREAL, March 31, 2017 /CNW Telbec/ - EACOM Timber Corporation is pleased to announce that it has completed the purchase of Anthony-EACOM shares from Canfor Corporation (TSX:CFP).
Anthony-EACOM, which manufactures and distributes Power Joist® - a high quality solid flange I-joist, had previously been a 50/50 joint venture between Canfor and EACOM. Aptly named Power Joists®, these engineered wood I-joists provide a high performance alternative to dimension lumber joists for floor and roof applications. The engineered wood mill is located in Sault Ste. Marie, in the Province of Ontario, where EACOM also owns five softwood lumber mills.
''We have had great partnerships with Anthony Forest Products and later Canfor to operate Anthony-EACOM.'' said Kevin Edgson, President and CEO of EACOM. "It's now important for EACOM to secure assets that will contribute to the Company's resilience and this acquisition is part of EACOM's growth strategy."
The change in ownership will result in the transfer of over 50 employees to the management of EACOM.
''We proudly welcome Anthony-EACOM and its employees to our asset base,'' added Edgson. "Power Joists® will add to the variety of quality wood products offered to our customers.''
EACOM Timber Corporation is a major Eastern Canadian wood products company formed in 2008. Operations include the manufacturing, marketing, and distribution of lumber and wood-based value-added products, and the management of forest resources. EACOM currently owns seven sawmills (five in Ontario, two in Quebec), an engineered wood mill (Ontario) and a remanufacturing facility (Quebec) for over 1100 employees. The Company is committed to investing in strong assets, including healthy forests, advanced technology, and talented people. For more information visit our website at www.eacom.ca and follow us on Twitter @EACOMCorp.
For further information: Media Contact: Christine Leduc, Director, Public Affairs, EACOM Timber Corporation, T: 514-848-6815 C: 514-237-3335, [email protected]