| A well-known regional treated wood products company is being sold.
Burke-Parsons-Bowlby is being acquired by a U.S.-based, wholly-owned subsidiary of Stella-Jones.
The announcement Monday stated that a letter of intent to acquire Burke-Parsons-Bowlby had been entered into in the amount of $33 million.
The acquisition will be in the form of a merger with the transaction expected to be completed April 1.
However, "the acquisition is subject to customary conditions, including entry into a definitive merger agreement, approval of the Burke-Parsons-Bowlby stockholders and the completion of satisfactory due diligence," says a press release.
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