PG Hardwood, Model, Get Two New Shareholders

Saint-Édouard-de-Lotbinière, Quebec, Aug. 2, 2010--Brothers Sébastien and Jean-François Dion became shareholders of PG Hardwood Flooring Inc. and Model Hardwood Inc. on June 1.

Scierie Dion & Fils is the largest lumber supplier to the two companies and owns the largest private supply of FSC-certified hardwood in Quebec.

PG Group President Claude Garneau said, "We are expecting a significant economic recovery in years to come and it is important for our group to ensure the quality and quantity of our hardwood lumber supply. Pressure on hardwood lumber supplies is considerable and this association is strategic for our organization."

The companies will continue to operate independently, Garneau said.

"In addition to the capacity of Scierie Dion & Fils to provide us with necessary volumes of wood, the dynamism of these two new shareholders and similar familial and corporate values will allow us to consolidate and even increase our presence on Canadian and American markets," Garneau said.