M&A Deal Summary

Western Forest Products Acquires Calvert

On July 19, 2022, Western Forest Products acquired forest products company Calvert for 12M USD

Acquisition Highlights
  • This is Western Forest Products’ 2nd transaction in the Forest Products sector.
  • This is Western Forest Products’ largest (disclosed) transaction.
  • This is Western Forest Products’ 2nd transaction in the United States.
  • This is Western Forest Products’ 2nd transaction in Washington.

M&A Deal Summary
Date 2022-07-19
Target Calvert
Sector Forest Products
Buyer(s) Western Forest Products
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Calvert

Vancouver, Washington, United States
Calvert is a glulam manufacturer in the U.S. having more than 60 years of experience producing high-quality glulam beams in multiple species, including Douglas fir, southern yellow pine, and yellow cedar, for industrial, commercial, and residential projects around the world. It has manufacturing facilities in Washougal, Washington, and Vancouver, Washington with a combined annual glulam capacity of approximately 35 million board feet on a two-shift basis.

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Buyer(S) 1

Buyer

Western Forest Products

Vancouver, British Columbia, Canada
Category Company
Founded 2004
Sector Forest Products
Employees2,153
Revenue 1.0B CAD (2023)
DESCRIPTION

Western Forest Products is an integrated Canadian forest products company and is the largest coastal British Columbia woodland operator and lumber producer. The Company has an annual available harvest of approximately 6.1 million cubic metres of timber, of which approximately 5.9 million cubic metres is from Crown lands. Western has a lumber capacity in excess of 1.1 billion board feet from seven sawmills and one remanufacturing plant. Western Forest Products was founded in 2004 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 2 of 2
Sector (Forest Products) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Washington) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Hampton Lumber Mills-Washington - Processing and Distribution Centre

Arlington, Washington, United States

Hampton Lumber Mills-Washington, Inc. - Processing and Distribution Centre is a producer and distributor of forest products.

Buy $9M
Mergr

Product

Company

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