The Penrod Company, whose headquarters are in Virginia Beach, Virginia, is pleased to announce that it has acquired all outstanding shares of Foresbec Inc., located in Drummondville, Quebec, Canada.

Foresbec Inc., whose shares were listed on the Montreal Exchange, is a major exporter of premium quality hardwood lumber from Canada to European markets. The Company exports most of its production through distributors and to manufacturers located mainly in Spain, Germany, France, England, Belgium and Italy. Foresbec products are also sold in Canada, the United States and Asia.

Penrod stated that Foresbec will continue to operate under existing plant management and employees. No significant changes are slated for the near future. Senior Foresbec managers are: Guy Boissé, President; Francois J. Bouchard, Vice-President of Administration and Finance; and Albert Lacroix, Vice-President of Operations.

The Penrod Company distributes forest product components used in the North American, Asian and European hardwood plywood and furniture industries. The Company also imports metal products from the Far East for distribution into the North American construction industry.

Penrod has satellite offices across the globe. Penrod plans to continue its growth through the expansion of current and future products and services.

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The Penrod Company
272 Bendix Road Suite 550, Virginia Beach, VA 23452 USA
phone 757-498-0186 • fax 757-498-1075

From its inception in 1888 as a manufacturer of forest products, Penrod has grown to be one of the world’s largest suppliers of forest products, metal and PVC products for the residential and commercial construction markets. With offices in every major region around the globe, distribution centers on most continents, and an efficient trade network, we are an international leader in the industries we service. Penrod is proud to embrace the concept of sustainable forestry as an essential element to our success as a company and as a solidly compliant, responsible global citizen.

The Penrod Company • All Rights Reserved ©1888–Red Chalk Studios

The Penrod Company • All Rights Reserved ©1888–Red Chalk Studios