# Maibec acquires Stave Lake Cedar Mills prefinishing facility and brands

Maibec Inc. has agreed to acquire Stave Lake Cedar Mills' prefinishing facility in Dewdney, British Columbia, along with the Stave Lake Cedar Shingles brand and assets. The transaction is expected to close by the end of November 2020.

- Type: Acquisition
- Announced: 2020-11-12
- Where: Dewdney, British Columbia, Canada
- Status: announced
- Products: Western Red Cedar shingles, Alaskan Yellow Cedar shingles, Eastern White Cedar shingles, custom color spruce siding
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Maibec](https://endata.com/companies/45598.md) (acquirer)
- [Waldun Forest Ltd](https://endata.com/companies/51170.md) (partner)
- [Stave Lake Cedar Mills](https://endata.com/companies/51171.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/maibec-is-acquiring-stave-lake-cedar-mills-prefinishing-facility-british-colombia-and-stave-lake-brands-301172405.html), 2020-11-12: "Maibec is very excited to finally add Western Red Cedar Shingles to Maibec's portfolio."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.