EACOM Timber Corporation has acquired all shares of Anthony-EACOM from Canfor Corporation.
Anthony-EACOM manufactures Power Joist flange I-joists at its facility in Sault Ste. Marie.
Prior to this agreement, Anthony-EACOM had previously been a 50/50 joint venture between Canfor and EACOM.
''We have had great partnerships with Anthony Forest Products and later Canfor to operate Anthony-EACOM,'' said Kevin Edgson, president and CEO of EACOM, in a release.
"It's now important for EACOM to secure assets that will contribute to the company's resilience, and this acquisition is part of EACOM's growth strategy."
The change in ownership will result in the transfer of more than 50 employees to the management of EACOM.
In addition to the Sault operation, in Ontario, EACOM Timber Corporation has operations in Timmins, Gogama, Elk Lake, Ear Falls, Nairn Centre, and Matagami. It also owns and operates two sawmills and a remanufacturing facility in Quebec.
The company employs more than 1,100 people in total.