Stella-Jones Signs Letter of Intent to Acquire Certain Assets of Brisco Wood Preservers Ltd.
May 01 2012 - 7:00AM
Marketwired
Stella-Jones Inc. (TSX:SJ) today announced that it has signed a
non-binding letter of intent to acquire certain pole treating
assets of Brisco Wood Preservers Ltd., a provider of treated wood
poles located in British Columbia.
The transaction, if finalized, is expected to close in July 2012
and is subject to customary closing conditions, including entry
into a definitive purchase agreement and satisfactory due
diligence. Stella-Jones plans to finance the transaction through
existing credit facilities.
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.
Contacts: Source: Stella-Jones Inc. Contacts: George T. Labelle,
C.A. Senior Vice-President and Chief Financial Officer (514)
934-8665glabelle@stella-jones.com Martin Goulet, CFA MaisonBrison
Communications (514) 731-0000martin@maisonbrison.com
Stella Jones (TSX:SJ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Stella Jones (TSX:SJ)
Historical Stock Chart
From Jul 2023 to Jul 2024