Maibec sells two sawmills to Group Lebel

Maibec concluded a transaction with Group Lebel of Rivière-du-Loup for their acquisition of the Maibec lumber mills located in St-Pamphile, Quebec and Masardis, Maine. The 315 employees of Maibec that are concerned by this transaction will maintain their employment with Groupe Lebel.

“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,” added François Tardif, president of Maibec.

Maibec inc. is a family owned company from Quebec which has been involved in wood products manufacturing since 1946. Maibec is the most important Canadian manufacturer of genuine wood sidings and also the most important manufacturer of white cedar shingles in the East of North-America.

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.