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February 19, 2019 10:30 AM, EST

Timber Investments Acquires 51% Interest in Columbia Containers

Timber Investments Ltd. said it has completed the purchase of a 51% interest in Columbia Containers Ltd. from Providence Grain Group, which will retain 49% ownership.

Terms of the transaction were not disclosed.

Columbia Containers

Columbia Containers operates a specialty container transloading facility in Vancouver, British Columbia.

It also provides freight forwarding services to Providence Grain and other grain shippers through its wholly owned subsidiary, CWest Solutions Inc.

Timber Investments Ltd. is the privately owned investment company of the Thorlakson family of Vernon, British Columbia.

Providence Grain, established in 2002, is a producer-owned agricultural commodity business. — Transport Topics