Stella-Jones Will Not Proceed With Acquisition of Certain Assets of Brisco Wood Preservers Ltd.
July 23 2012 - 12:20PM
Marketwired
Stella-Jones Inc. (TSX:SJ) today announced it will not proceed with
the acquisition of certain pole treating assets of Brisco Wood
Preservers Ltd., a provider of treated wood poles located in
British Columbia.
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: 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
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