Quebec-based – MAIBEC – completes purchase of Masardis lumber mill
Maibec had previously announced that Fraser had agreed to sell the mill that employs about 135 people. The sale price was not disclosed.
The Masardis mill can annually produce over 100 million board feet of softwood lumber, which is sold in the U.S.
“This acquisition gives Maibec its first place of business in the United States and represents an important milestone in our growth. In the coming months, we plan to strategically invest in this new production unit,” Francois Tardif, president of Maibec, said in a press release issued Monday.
The Masardis facility produces lumber primarily for the construction and renovation markets. Its production will be added to that of Maibec’s plant in St. Pamphile, Quebec, and allow the company to serve customers across Quebec, Ontario and the northeast and southern U.S.
“Over the years, Maibec’s unique expertise has made it the brand of reference in its respective markets. It is especially well-known for its solid wood siding and white cedar shingles, which bring charm and beauty to any residential style and setting, be it urban, rural or coastal,” said Charles Tardif, vice president of Maibec.
MAIBEC is a family business that has been active in the wood processing sector since 1946. Its head office is located in Levis, Quebec, with production units located in St. Pamphile and Saint Theophile de Beauce in Quebec, and Masardis. This latest acquisition brings Maibec’s workforce to nearly 850 employees, according to the company.