- Business
- Doman Building Materials Group Ltd., founded in 1989 and headquartered in Vancouver, British Columbia, Canada, operates as Canada's only fully integrated national distributor of building materials and related products, trading on the Toronto Stock Exchange under the ticker DBM; the company distributes, produces, and treats a comprehensive range of products including treated wood, pressure-treated lumber, siding and trim, decking and aluminum railing, engineered wood products, roofing products, insulation and wrap products, lumber and plywood, fencing, posts, beams and boards, Class A fire retardant building materials, and architectural steel siding such as Metalunic, while also providing value-added services like agricultural post-peeling, planing, specialty sawmilling, remanufacturing, and timber ownership and management of private timberlands and forest licenses through subsidiaries including Doman Building Materials Canada, Doman Treated Wood Canada, Doman Lumber (headquartered in Dallas, Texas, with 21 treating plants, two planing mills, and five sawmills across nine U.S. states), Doman Tucker Lumber (serving the U.S. East Coast with three treating plants and a captive trucking fleet), Doman Building Materials USA and Doman Treated Wood USA (on the U.S. West Coast in California and Oregon), and Honsador Building Products Group (15 facilities in Hawaii); it serves new home construction, home renovation, industrial markets, retail and wholesale lumber yards, hardware stores, big box retailers, and furniture manufacturers across Canada coast-to-coast and the United States. In 2024, the company completed transformative acquisitions including the US$295 million purchase of CM Tucker Lumber assets on October 1 (adding treated lumber, plywood, decking, fencing, and East Coast operations headquartered in Pageland, South Carolina), and the acquisition of Southeast Forest Products treated assets on March 1 (adding 300 million board feet of annual treating capacity near existing facilities in Richmond, Indiana, and Birmingham, Alabama, expanding into southern and eastern U.S. markets); it also issued $365 million in senior unsecured notes maturing in 2029 at 7.5% interest (used to repurchase $52.3 million of 2026 notes and reduce revolving debt), amended its revolving credit facility to extend maturity to April 2028 and increase capacity to $580 million in January 2025, unified operating divisions under the Doman master brand, and reported annual revenues of $2.66 billion, gross margins of $425 million, and net earnings of $54 million despite softer construction materials pricing.