A joint venture announced this week would combine Goodfellow’s three plants in Delson, QC, Elmsdale, NS, and Deer Lake, NL, and Lebel Cambium’s two Ontario plants (Bancroft and Caledon) and two Quebec plants (Degelis and St-Joseph), as those two companies expand their reach and profits by forming one of Eastern Canada’s largest producers of treated wood, according to Montreal Gazette Tuesday.
The union is expected to lower costs and boost profits. Some plants will also specialize in certain products. The joint venture is expected to post more than $100 million in annual sales and add about $50 million to the $500 million in annual sales Goodfellow posted in 2014.
The partners will continue with their other wood operations.
