Timber Investments completed the acquisition of a 51% stake in Columbia Containers from Providence Grain Group.

Timber Investments, the privately-owned investment company of the Thorlakson family, completed the acquisition of a 51% stake in Columbia Containers, a specialty agri products container transloading facility, from Providence Grain Group, one of the few producer-owned agricultural commodity businesses in Canada. Financial terms were not disclosed. This investment in CCL will complement Timber's interests in two other west coast logistics operations. Timber is the principle investor in Fibreco Export, a bulk wood pellet and grain loading facility located on the north shore of Burrard Inlet.