Fonds-backed Maibec buys New Brunswick shingles manufacturer
Maibec Inc has acquired Cedar Balmoral Ltd, a manufacturer of Eastern white cedar shingles located in Balmoral, New Brunswick. No financial terms were disclosed. Maibec, a Lévis, Québec-based wood processing company, said the purchase will allow it to keep pace with increased demand for cedar shingles among homeowners and builders, and to develop new markets. A family business founded in 1946, Maibec is a portfolio investment of the Fonds de solidarité FTQ, a Canadian private equity and venture capital firm.
9 February 2016•2 mins read
