Business
Doman Building Materials Group Ltd. Announces Sale of Remaining Timberland Holdings
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTIO...
About this update from Doman Building Materials Group Ltd
[{"type":"text","content":"Doman Building Materials Group Ltd. Announces Sale of Remaining Timberland Holdings\n\n\n\n\n THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.\n \n\n\n VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or the “Company”) (TSX:DBM) announced today that a wholly owned subsidiary has sold all of its remaining private timberland holdings in southeast British Columbia, Canada, to the Nature Conservancy of Canada.\n \n\n During its nine years of ownership of the timberlands, Doman voluntarily adhered to rigorous statutory standards for sustainable forest management over private timberlands, including the planting of approximately 10 million new seedlings. Doman no longer will be materially involved in the harvesting aspect of the forestry business.\n \n\n “The Nature Conservancy of Canada will be a unique long-term steward for these very special alpine forest lands. We are very pleased to have come to an agreement with them, which ensures these lands will be in great hands for many years to come and for many generations to enjoy,” said Amar S. Doman, Chairman of the Board.\n \n\n The transaction closed today, and net proceeds from the sale will be used to further strengthen the Company’s balance sheet.\n \n\n\n About Doman Building Materials Group Ltd.\n \n\n\n Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM.\n \n\n As Canada’s only fully integrated national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States.\n \n\n Strategically located across Canada,\n \n Doman Building Materials Canada\n \n operates distribution centres coast-to-coast, and\n \n Doman Treated Wood Canada\n \n operates multiple treating plants near major cities. In the United States: headquartered in Dallas, Texas,\n \n Doman Lumber\n \n operates 21 treating plants, two specialty planing m...