Doman Building Materials Group (TSE:DBM) has released an update.
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Doman Building Materials Group Ltd. has strategically acquired CM Tucker Lumber to expand its U.S. presence, adding significant capacity in ten new Eastern states. The acquisition is expected to immediately boost Doman’s financial metrics, including EBITDA, free cash flow, and earnings per share. The deal, valued at approximately $255 million, is set to enhance Doman’s product offerings and market position without overlapping existing operations.
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