SJ Stella Jones Inc

Stella-Jones Inc. (TSX:SJ) ("Stella-Jones" or the "Company") today announced
that it has completed, through its wholly-owned U.S. subsidiaries, the
acquisition of substantially all of the operating assets employed in the
businesses of Arizona Pacific Wood Preserving, Inc., Nevada Wood Preserving,
Inc. and Pacific Wood Preserving of Oregon, Inc. (commonly referred to as The
Pacific Wood Preserving Companies(R)) conducted at their wood treating plants in
Oregon, Nevada and Arizona and their wood concentration yard in Texas. These
businesses consist of the manufacture of treated wood utility poles and railway
ties, along with a variety of lumber related products. Sales for the fiscal year
ended October 31, 2013 reached approximately US$60.3 million. 


The purchase price was approximately US$33.0 million, plus the sellers' net
working capital at closing, estimated at approximately US$23.7 million, subject
to post closing adjustments. Stella-Jones has financed the acquisition through a
combination of its existing credit facilities and a vendor note of US$7.0
million.


"The acquisition of these facilities allows Stella-Jones to further enhance its
offerings in the North American wood treating industry and expand its capability
to supply the continent's railroad and utility industries. We expect this
transaction to be immediately accretive to earnings and to yield synergies, as
we continue to optimize operating efficiencies across our continental network,"
said Brian McManus, President and Chief Executive Officer of Stella-Jones.


ABOUT STELLA-JONES 

Stella-Jones Inc. (TSX:SJ) is a leading producer and marketer of pressure
treated wood products. The Company supplies North America's railroad operators
with railway ties and timbers, and the continent's electrical utilities and
telecommunication companies with utility poles. Stella-Jones also provides
residential lumber to retailers and wholesalers for outdoor applications, as
well as industrial products for construction and marine applications. The
Company's common shares are listed on the Toronto Stock Exchange. 


Except for historical information provided herein, this press release contains
information and statements of a forward-looking nature concerning the proposed
acquisition described herein. These statements are based on suppositions, risks
and uncertainties as well as on management's best possible evaluation of future
events. Such risks and uncertainties include, without excluding other
considerations, satisfaction of due diligence condition, failure to obtain
consent from the relevant governmental authorities, both as referenced above,
and satisfaction of other closing conditions and failure to complete the
proposed acquisition for any other reason. As a result, readers are advised that
actual results may differ from expected results and should not place undue
reliance on forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Stella-Jones Inc.


Contacts:
Eric Vachon, CPA, CA
Senior Vice-President and Chief Financial Officer
(514) 940-3903
evachon@stella-jones.com


Martin Goulet, CFA
MaisonBrison Communications
(514) 731-0000
martin@maisonbrison.com

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