Weston Forest Has Been Acquired by the Watermill Group

MISSISSAUGA, Ontario & LEXINGTON, Mass. – Weston Forest, a leading distributor
and remanufacturer of softwood & hardwood lumber and specialty panel
products, has been acquired by the Watermill Group, a strategy-driven private
investment firm.

“This is a historic event for everyone at Weston Forest,” said Steve Rhone, President, Weston Forest.”

Our partnership with the Watermill Group will give us the
strategic expertise and financial resources we need to help us enter the next
phase of our growth. Watermill’s culture and values are an excellent fit with
ours, and this strategic move will allow us to continue to offer a diverse range
of products and services to our customers and suppliers while providing more
opportunity to our employees.” The Weston Forest executive team remains
heavily invested in the company.
Weston Forest operates several facilities across eastern Canada and the United
States, providing products and services that are essential to commercial and
residential construction as well as the production and shipment of industrial
goods. Customers and suppliers of Weston benefit from the company’s diverse
business model and concentration on niche markets, which has helped insulate

Weston Forest from the usual impacts of commodity cycles and economic
swings. The company’s reliability and collaborative and committed corporate
culture fuel its brand promise: “YOU’LL LOVE DOING BUSINESS WITH US”.
“Weston Forest is an exceptional organization that has shown significant and
sustained growth over the last decade,” said Julia Karol, President, and COO,
Watermill Group. “We are looking forward to partnering with Weston’s talented
and deeply knowledgeable management team, providing the tools and financial

support needed to accelerate growth.”