From left: Premier Susan Holt; Marwood president Daniel Goodine; and Post-Secondary Education and Training Minister Jean-Claude D’Amours.
EDMUNDSTON (GNB) – The government, through Opportunities NB, is supporting a long-standing wood products manufacturer as it expands operations and improves productivity at its newly acquired facility in Edmundston.
“Marwood is an important employer and a great example of a New Brunswick company continuing to invest and innovate to remain competitive,” said Premier Susan Holt. “This investment will help Marwood diversify and expand its operations and strengthen New Brunswick’s position in the forestry and value-added wood sector.”
Marwood manufactures a range of products. Its industrial product line includes utility poles and timbers for wharf and highway applications, while its residential line includes pressure-treated lumber for decks, fences, lattice and deck accessories. The company also produces wood pellets for heating, as well as wood siding, trim and shingles through its Cape Cod siding division. Headquartered in the Tracyville area of Sunbury-York South since 1974, Marwood employs about 400 people through its operations in Atlantic Canada and the United States, including about 250 in New Brunswick.
The company expanded its manufacturing network earlier this year, acquiring the assets of Fraser Specialty Products of Edmundston. The Opportunities NB investment aims to support long-term sustainability of the company’s operations by improving productivity and enabling diversification and expansion of its product line.
Through a conditionally repayable loan of up to $250,000, Marwood will invest in a new reciprocating paint line. This is meant to enhance product quality, strengthen the company’s competitiveness and position it for future growth. The company’s total investment in this project is estimated at $3.3 million.
“We’re proud to continue investing in our operations and people in New Brunswick,” said Marwood president Daniel Goodine. “The support from Opportunities NB will allow us to modernize production, improve efficiency, expand our product offerings and capacity, and further enhance our industry-leading customer service across North America. This investment is a key part of ensuring long-term growth and sustainability for our team and our communities.”
Opportunities NB is the lead business development agency for the province. It supports local businesses and attracts new investment from around the globe to boost economic and job growth.
Media Contact
Michel LeBlanc, communications, Opportunities NB, michel.leblanc@onbcanada.ca.
