Maibec Inc. has acquired Cedar Balmoral Ltd., a manufacturer of Eastern white cedar shingles located in Balmoral, New Brunswick.
Despite being the largest manufacturer of Eastern white cedar shingles in North America, Maibec says the growing demand for its natural and stained cedar shingles has been outpacing its production capacity in recent years.
"A growing number of homeowners and builders, particularly those in the U.S., are turning to Maibec Eastern white cedar shingles," said François Tardif, President of Maibec. "This acquisition will allow us to keep pace with this increased demand and to develop new markets."
In the coming months, Maibec plans to upgrade manufacturing practices in the Balmoral mill to ensure it is operating at peak capacity and producing quality shingles worthy of the Maibec name. This new production will gradually be added to that of Maibec's Eastern white cedar shingle plants in St. Pamphile and St. Theophile, Quebec.
About Maibec Inc.
Maibec Inc. is a Quebec-based family business that has been active in the wood processing sector since 1946 and has been manufacturing shingles since 1964. In addition to being a manufacturer of Eastern white cedar shingles in North America, it also manufacturesof genuine wood siding and cedar mulch. Maibec also operates two lumber sawmills in St. Pamphile, Quebec and in Masardis, Maine. Nearly 850 employees work at its Canadian and U.S. mills.
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