Vancouver-based Ledcor Resources and Transportation announced yesterday that it has bought 12 new barges to inaugurate its marine transportation service to Howe Sound Pulp & Paper. It has also acquired Renew Resources for $70 million.
Headquartered in Mission, Renew specializes in milling lumber in the Interior. It produces the woodchips and hog fuel that will be transported to customers by truck and Ledcor’s new barges.
Ledcor Resources and Transportation is a division of the Ledcor Group and employs 200 people.
Paul McElligott, former president and CEO of TimberWest, recently joined Ledcor to head the company’s resources and transportation division, which also includes ownership of a regional airline, partial interest in a fractional jet ownership and charter business and marine terminals.
“This was a very deliberate, strategic decision that Ledcor made to further diversify into the resource and transportation sectors in our province,” said McElligott.
“We have positioned ourselves to be the only company that has the capacity to meet all of our customer's needs.”
“It is one-stop shopping for the sourcing of fibre, processing of it to create woodchips (for pulp and paper mills) or hog fuel (for power or pellet plants), and providing the highway and-or marine transportation services to deliver products to customers,” he said.
“This type of vertical integration creates efficiencies in the supply chain.”
Jennifer Harrison
@JHarrisonBIV