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
Canfor Making $8 Million Capital Investment In B.C Sawmill
Canfor will be adding another power-generating turbine to its biomass-fired energy system as part...
2013 Softwood Lumber Global Trade Highest In Five Years
Global trade of both logs and softwood lumber was higher in 2013 than it was in 2012 with both...
Bennett Lumber Products Plans To Reopen Washington Mill
The timber market is on the rebound and the owners of Bennett Lumber Products aren't wasting any...
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.