Groupe Lebel announced that its subsidiary, Bois Daaquam, signed an agreement to acquire Maibec’s sawmills in its softwood lumber division. The Maibec division is composed of two sites, the first located in St-Pamphile, Quebec, and the second in Masardis, Maine. The acquisition of the Maine business also included the acquisition of all the shares in Maibec Lumber Inc., now carrying on business under the name of Bois Daaquam Lumber Maine Inc.
Groupe Lebel is a family business headquartered in Rivière-du-Loup that has been working in the forestry industry for over 60 years. Maibec, whose softwood lumber division was acquired by Groupe Lebel, is a North American benchmark for integrated siding systems.
This acquisition is an important step in Groupe Lebel’s expansion. Once the transaction is complete, Groupe Lebel will have a softwood lumber production capacity of 820 million FBM and will employ approximately 995 people through primary, secondary and tertiary processing activities.
Fasken advised Groupe Lebel during this acquisition with a team headed by Anne-Marie Naud that included Sophie Lessard-Berger, Émilie Sylvain-Jacques, Emilie Bundock, Sébastien Marcoux, Olivier Fortier, Vincent Laforest-Lapointe and Svetlana Samochkine.