Canadian Company Will Buy McFarland Cascade Holdings
After 96 years, a Tacoma-based, family-owned wood products company soon will have a new, Canadian owner.
McFarland Cascade Holdings Inc. announced recently that it will be bought by Montreal-based Stella-Jones Inc. for $230 million. The sale is expected to close this month.
“We have a great tradition and legacy and a wonderful company, and a reputation of which we’re very proud,” said Corry McFarland, who is co-CEO with his brother Greg. “My brother and I are the third generation. We have nobody else in the family coming on who is interested in running the business.”
Founded in Idaho in 1916, McFarland Cascade produces utility poles as well as treated lumber for outdoor home projects, including composite decking, railings and related accessories. The company located its corporate headquarters on Tacoma’s Tideflats in the 1980s.
It employs about 200 people, depending on the season, on 43 acres there, Corry McFarland said, and he knows of no plans to change that.
Latest News
Mills To Arizona And New Mexico Senators: Give Us More Timber
On the edge of what promises to be another hot, drought-fueled wildfire season, timber companies...
Eacom Sawmill Rebuild In Ontario Near Completion
The reconstruction of the Eacom sawmill in Timmins is just a couple of months from being...
Financing Approved For Proposed Arkansas Sawmill
The Arkansas Economic Development Commission has approved $5 million in financing to aid a timber...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.