"Doman Building Materials Group Ltd is a wholesale distributor of home renovation and building materials.
In May 2021, the company rebranded itself from CanWel Building Materials Group Ltd to the present name. In addition, its ticker was changed from ‘CWX’ to ‘DBM’ on the Toronto Stock Exchange.
The wholesale distributor caters to the construction of new houses, home renovations, industrial markets, home improvement centers, dealers and lumberyards.
The portfolio of products consists of engineered wood products, insulation, fasteners, outdoor living products and others.
Doman operates under two reportable business segments: Forestry and Building Material distribution. It claims to generate a significant portion of total revenue from the building material distribution segment. The company primarily operates in Canada and Western United States.
Doman Building Materials Group operates as a vertically integrated distributor that provides building materials, lumber and renovation products.
In 2019, the wholesale distributing company acquired Lignum Forest Products LLP, based in Vancouver. Lignum Forest Products now operates under the company’s materials division.
Doman’s U.S. treating and distribution division comprises Honsador Building Products Group, a wholly-owned business with operations in Hawaii, Oregon, California, Sacramento, Woodland, and Fontana.
The firm also manages a fiber division that deals with forest products distribution. Doman Building Materials Group owns a Canada-based forest products company that operates from British Colombia to Saskatchewan and in the US Pacific Northwest. The subsidiary owns around 117,000 acres of private timberlands, log harvesting and trucking operations, two pressure-treated specialty wood production plants and various post and pole peeling facilities.
Doman Building Materials Group also operates under three decentralized divisions: pressure-treating, distribution and fiber division.
The company’s active business divisions include:
- CanWel Building Material Division: The division deals with internally transformed materials like treated wood products, agricultural posts, a full assortment of lumber and building materials.
- Canwel's Treating division: CanWel provides building materials for decking, fencing and agricultural posts. The treating and distribution facilities in the United States include California Cascade, Lignum Forest Products and Honsador. Honsador is a supplier of building materials, electrical products and home planning services for commercial, rental, and military markets.
- Lignum Forest Products: It provides lumber products made from White Woods and Western Red Cedar. The segment has operations in the US, Australia, Asia, Canada and Europe."