Timber Investments acquires control of Columbia Containers
Timber Investments has acquired a 51 percent interest in Columbia Containers Ltd (CCL), a Vancouver-based container transloading facility for bulk grain products. No financial terms were disclosed. The seller was Providence Grain Group, which will retain a 49 percent stake. Established in 1970, CCL's facility, located on Burrard Inlet's south shore, has capacity of more than 1.5 million tonnes. The company also provides freight forwarding services to grain shippers through CWest Solutions Inc. Timber, which has interests in two other B.C. logistics operations, is the investment arm of Canada's Thorlakson family.
6 February 2019•3 mins read
