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. was founded in 1989 and is headquartered in Vancouver, British Columbia, trading on the Toronto Stock Exchange under the symbol DBM [4]. - The company 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 [2]. - The company will no longer be materially involved in the harvesting aspect of the forestry business following the sale [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].