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
Oregon Truckers File Suit Against State
Rob Freres, president of Oregon-based Freres Engineered Wood, a manufacturer of lumber, veneer, plywood and mass timber, has thrown in his support for a lawsuit filed by the Oregon Trucking Assn. and three Oregon-based trucking companies against the state of Oregon for overcharging truckers under the weight-mile tax.
Hasslacher Enters North America
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
Hampton Lumber Purchases Rebuilt
Atlas Holdings has entered into an agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. Atlas formed RedBuilt with the acquisition of the commercial division of Trus Joist from Weyerhaeuser Co. in 2009. Over the next 14 years, the company became an industry leader in the engineering, design and manufacturing of proprietary wood-based structural solutions serving the low-rise commercial construction market. The transaction is anticipated to close in the first quarter of 2024.
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.