Stella-Jones Inc Announces Intention To Acquire McFarland Cascade Holdings, Inc.

Stella-Jones Inc announced that it has signed a non-binding letter of intent to acquire the shares of McFarland Cascade Holdings, Inc. (McFarland), a provider of treated wood products based in the state of Washington. The letter of intent contemplates a purchase price of approximately USD230.0 million, which includes approximately USD113.0 million of net working capital and the assumption of certain liabilities. The transaction, if finalized, is expected to close in November 2012 .