Maibec announced that it concluded a transaction with Groupe Lebel of Rivière-du-Loup for their acquisition of the Maibec lumber mills located in St-Pamphile, Quebec and Masardis, ME.
The 315 employees of Maibec that are concerned by this transaction will maintain their employment with Groupe Lebel. The details of this transaction have not been made public.
''Maibec will now focus on growing its pre-stained exterior siding's systems based on lap sidings and shingles manufactured with solid wood or wood-based engineered material. Maibec recently announced the launching of the Maibec Resistech® siding systems manufactured on LP SmartSide® from Louisiana-Pacific. '', said François Tardif, president of Maibec.
About Maibec Inc.
Maibec inc. is a family owned company from Quebec which has been involved in wood products manufacturing since 1946. Maibec manufactures of genuine wood sidings and also white cedar shinglesa.
About Group Lebel inc.
Group Lebel is a family business that has been working in forestry for over 60 years. Headquartered in Rivière-du-Loup in Lower St. Lawrence, it is deeply rooted regionally in 13 municipalities in Quebec and 2 in Ontario. Once the transaction is complete, the company will employ approximately 950 people through first, second and third transformation activities.
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