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Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s):  CWXZF

Doman Building Materials Group Ltd. is an integrated national distributor in the building materials and related products sector. The Company operates various distinct divisions with multiple treating plants, planing and specialty facilities and distribution centers coast-to-coast in various cities across Canada and select locations across the United States. The Company operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building materials servicing the central United States; it serves the United States west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands. The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.


TSX:DBM - Post by User

Comment by okgonowon Dec 16, 2024 2:32pm
42 Views
Post# 36364679

RE:Questions

RE:Questions

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its response to President elect Trump’s proposed 25% tariffs on goods entering the United States from Canada (the “Proposed US Tariffs”).

Although no material details were announced in respect of the Proposed US Tariffs, the Company’s businesses in each country generally operate independently. Accordingly, other than any business already subject to Softwood Lumber duties, the Company does not currently expect to be impacted materially by the Proposed US Tariffs on goods imported to the United States from Canada.

“Given the magnitude of President elect Trump’s proposed tariffs and given our growing presence in Canada and even more so in the US, we want to ensure that all of our stakeholders are well informed that based on expectations today, our business would not be impacted in a material way,” commented Amar S. Doman, Chairman and CEO. “Given we run two self-sustaining businesses on both sides of the border, with neither relying materially on the other for products, we don’t anticipate an impact to our business based on what has been proposed to date.”

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