Platinum Equity Completes Weyerhaeuser Acquisition and Relaunches Business as Broadleaf Logistics Company
Wednesday, Aug 08 2007, 01:00
Platinum Equity announced today that it has completed the acquisition of Weyerhaeuser Company’s wholesale products distribution centers in Canada and established the distribution business as a standalone company named Broadleaf Logistics Company.
Headquartered in Vancouver, British Columbia, Broadleaf is Platinum’s first Canada-based business. Jacob Kotzubei, the Platinum Equity executive who led the acquisition, said the strategic plan for Broadleaf would focus not only on sustaining current operations, but also identifying potential opportunities for growth.
“This is an established distribution business with strong fundamentals and a capable and talented staff of employees, and that is a terrific base to build on,” Mr. Kotzubei said. “We are very committed to the Canadian market and to building this business for the long term. We’re enthusiastic about the opportunities inside Canada for expansion of our portfolio and to create additional value. ”
The transaction included all of Weyerhaeuser’s distribution centers in Canada, including facilities in Brampton, Ontario; Calgary, Alberta; Dartmouth, Nova Scotia; Edmonton, Alberta; Kelowna, British Columbia; Montreal, Quebec; Ottawa, Ontario; Quebec City, Quebec; Regina, Saskatchewan; Saskatoon, Saskatchewan; Sudbury, Ontario; Timmins, Ontario; Winnipeg, Manitoba; St. John’s, Newfoundland; Sussex, New Brunswick; Langley, British Columbia.
Those centers distribute a wide range of building materials, including engineered wood products, oriented strand board, panels, framing lumber, and plywood panels; appearance grade and other cedar products; and specialty products such as exterior siding, insulation, rebar, and roofing.
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