On February 9, 2018, Stella-Jones Inc. completed the acquisition of substantially all the operating assets employed in the business of Prairie Forest Products, a division of Prendiville Industries Ltd., located at its wood treating facility in Neepawa, Manitoba, as well as at its peeling facility in Birch River, Manitoba. The location of the treating facility provides Stella-Jones with access to new clients and market opportunities. Prairie Forest Products manufactures, sells and distributes utility poles and residential lumber.
Stella-Jones is a leading producer and marketer of pressure treated wood products, supplying North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products for construction and marine applications. Stella-Jones’ common shares are listed on the Toronto Stock Exchange.
Fasken represented Stella-Jones Inc. with a team that included Jean Michel Lapierre, Guillaume Saliah and Sarah De Rose (corporate/M&A), Kai Alderson (environment), Jean-Philippe Mikus (intellectual property) and Paul Cabana (tax).