With two major acquisitions in Fall 2011, Ledcor became the only company in British Columbia (BC) to provide integrated supply chain services for wood fiber products.
As part of our latest diversification initiative, Ledcor has acquired Renewed Resources, a BC-based company that specializes in processing marginal wood fiber. The company produces hog fuel for power and for fuel pellet manufacturers, as well as woodchips for the pulp and paper industry.
Ledcor also took delivery of 12 new barges to inaugurate our marine transportation service to Howe Sound Pulp and Paper, a key customer for wood fiber products.
These two acquisitions represent an investment of $70 million in the recently established Ledcor Resources and Transportation division, making us a leader in integrated wood fiber supply, from sourcing and harvesting, to processing and delivery to end users.
Paul McElligott - former president and CEO of both TimberWest and BC Rail - joined Ledcor in Fall 2011 to head up the new division, which also includes ownership of two regional airlines, marine terminals, and partial interest in a fractional jet ownership and charter business.
"This was a strategic decision that Ledcor made to further diversify into the resource and transportation sectors in our province," says McElligott. "We have positioned ourselves to be the only company that has the capacity to meet all of our customers' needs."