{"id":76825,"date":"2018-12-03T13:52:38","date_gmt":"2018-12-03T13:52:38","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/western-forest-products-buys-whole-assets-of-columbia-vista\/"},"modified":"2025-09-19T08:49:33","modified_gmt":"2025-09-19T08:49:33","slug":"western-forest-products-buys-whole-assets-of-columbia-vista","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/western-forest-products-buys-whole-assets-of-columbia-vista\/","title":{"rendered":"Western Forest Products buys whole assets of Columbia Vista"},"content":{"rendered":"

Western Forest Products announced that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corporation and certain related entities located in Vancouver, Washington for consideration of US$30.5 million, including working capital of US$6.7 million.\u00a0Working capital to be acquired is subject to a final determination at closing.<\/em><\/p>\n

Columbia Vista is a lumber manufacturer that focuses production on Douglas Fir specialty products for the Japanese and U.S. markets. Columbia Vista operates a sawmill business in Washington State and has been in business for over 60 years. The operations employ approximately 90 employees and produced approximately 60 million board feet of lumber in 2017.<\/p>\n

\u201cWe are excited to welcome Columbia Vista\u2019s employees to Western. This acquisition is consistent with our strategy of pursuing margin-focused business opportunities that complement our position in selected markets. Bringing Western and Columbia Vista together provides Western the opportunity to expand its Douglas Fir specialty product offerings, particularly in Japan where our customers have been asking us to source Douglas Fir to complement our B.C. Hemlock<\/em>,\u201d said Don Demens, Western\u2019s President and CEO.<\/p>\n

The transaction will be financed with cash on hand and available credit facilities, and is expected to close in the first quarter of 2019. Completion of the transaction is subject to satisfaction of customary closing conditions.<\/p>\n

Recently, Canfor Corporation has entered into an agreement to purchase Elliott Sawmilling Co., Inc. located in Estill, South Carolina for a purchase price of US$110 million.<\/p>","protected":false},"excerpt":{"rendered":"

Western Forest Products announced that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corporation and certain related entities located in Vancouver, Washington for consideration of US$30.5 million, including working capital … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[4016,3306,4017],"class_list":["post-76825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-columbia-vista","tag-lumber","tag-western-forest-products","topic-forestry","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"\nWestern Forest Products buys whole assets for Columbia Vista<\/title>\n<meta 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