Doman Building Materials Group Ltd. Announces Sale of Remaining Timberland Holdings

Core Viewpoint - Doman Building Materials Group Ltd. has sold its remaining private timberland holdings in southeast British Columbia to the Nature Conservancy of Canada, marking a strategic shift away from the forestry business and focusing on strengthening its balance sheet [1][3]. Company Overview - Doman Building Materials Group Ltd. is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. It is Canada's only fully integrated national distributor in the building materials sector, operating multiple divisions and distribution centers across Canada and the United States [4][5]. Timberland Management - During its nine years of ownership, Doman adhered to rigorous sustainable forest management standards, including the planting of approximately 10 million new seedlings. The company will no longer be materially involved in timber harvesting [2]. Transaction Details - The transaction with the Nature Conservancy of Canada closed on September 29, 2025, and the net proceeds will be utilized to further strengthen the company's balance sheet [3].