CanWel Building Materials Group Ltd.
TSX : CWX

CanWel Building Materials Group Ltd.

September 02, 2010 16:00 ET

CanWel Building Materials Announces Appointment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2010) -

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

CanWel Building Materials Group Ltd. ("CanWel" or "the Company") (TSX:CWX) announced the following today:

CanWel+Broadleaf Division Leadership Appointment

The CanWel+Broadleaf Division of the Company ("CanWel+Broadleaf Division" or the "Division") announced today another key Senior Management appointment.

Michel Walsh, previously the General Manager of Broadleaf Logistics' Quebec business unit, will assume the role of Director of Product Management and Marketing of the CanWel+Broadleaf Division. Michel will report directly to Bob Simko, President of the Division. The appointment is effective on September 7, 2010. 

Mr. Walsh is a graduate of the Civil Engineering program at Laval University. "Over his 22 year career, Michel has a solid track record of success in a variety of technical, sales and general management positions with Nordel, Trus Joist, Weyerhaeuser and Broadleaf," noted Mr Simko. "Michel is respected for his extensive technical knowledge and his ability to bring innovative business solutions to the customer base," added Mr. Simko.

About CanWel Building Materials

CanWel Building Materials trades on the Toronto Stock Exchange under the symbol CWX and is Canada's largest national distributor in the building materials and related products sector, operating distribution centres coast to coast in all major cities and strategic locations across Canada. CanWel Building Materials distributes a wide range of hardware, building materials, lumber, and renovation products. Further information can be found in the disclosure documents filed by CanWel Building Materials (and its predecessor, CanWel Building Materials Income Fund) with the securities regulatory authorities, available at www.sedar.com.

Certain statements in this press release may constitute "forward-looking" statements. When used in this press release, such statements use words, including but not limited to, "may", "will", "expect", "believe", "plan", "intend", "anticipate" and other similar terminology. These forward-looking statements reflect the current expectations of CanWel's management regarding future events but involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CanWel, including the performance of CanWel on a consolidated basis, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual events could differ materially from those projected herein and depend on a number of factors. These factors include or any potential disruptions resulting from the changing of, or introduction of new or different, senior management, making it more difficult to maintain relationships with customers, employees or suppliers. Additional risks and uncertainties include, among others: general economic and business conditions, product selling prices, commodity price fluctuations, information systems risk, operating costs, interest rate risk, credit risk, competitive conditions and other factors referenced herein and in the Company's AIF dated March 30, 2010 and our public filings on www.sedar.com. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the periodic and other reports filed by CanWel with Canadian Securities Commissions and available on Sedar (http://www.sedar.com). CanWel does not undertake, and specifically disclaims, any obligation to update or revise any forward looking information, whether as a result of new information, future developments or otherwise, unless required by law.

Contact Information

  • CanWel Building Materials Group Ltd.
    Amar Doman
    Chairman and CEO
    (604) 608-6600