SJ Stella Jones Inc

Stella-Jones Inc. (TSX:SJ) today announced that it has completed the acquisition
of Thompson Industries, Inc. ("Thompson"), a provider of treated wood products
to the railroad industry. 


Founded in 1981, Thompson produces treated wood products, mainly railway ties
and timbers, at a facility located in Russellville, Arkansas. Thompson's sales
for its fiscal year ended September 30, 2011 were approximately US$49.0 million.
The purchase price totalled approximately US$39.0 million, subject to post
closing adjustments. Stella-Jones financed the acquisition through existing
credit facilities and an unsecured vendor note of US$6.5 million. 


"The acquisition of Thompson further enhances Stella-Jones' status as a leading
provider of treated wood products and services to the North American railroad
industry. More importantly, we expect the transaction to be immediately
accretive to earnings and to yield synergies, as our continental network will
benefit from greater operating efficiencies," said Brian McManus, President and
Chief Executive Officer of Stella-Jones. 


ABOUT STELLA-JONES 

Stella-Jones Inc. (TSX:SJ) is a leading producer and marketer of pressure
treated wood products. The Company supplies North America's railroad operators
with railway ties, timbers and recycling services; and the continent's
electrical utilities and telecommunications companies with utility poles.
Stella-Jones also provides industrial products and services for construction and
marine applications, as well as residential lumber to retailers and wholesalers
for outdoor applications. The Company's common shares are listed on the Toronto
Stock Exchange. 


Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of the Company. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of future
events. Such factors may include, without excluding other considerations,
fluctuations in quarterly results, evolution in customer demand for the
Company's products and services, the impact of price pressures exerted by
competitors, the ability of the Company to raise the capital required for
acquisitions, and general market trends or economic changes. As a result,
readers are advised that actual results may differ from expected results.

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