Tacoma-based wood products company McFarland Cascade Holdings Inc. has been sold to a Canadian company.
Stella-Jones Inc. and McFarland Cascade announced the sale Friday. The deal is worth $230 million, according to published reports. The sale will close this month, the companies said in a news release.
McFarland Cascade is known for making utility poles, and it has a large operation on the Tacoma Tideflats. It employes about 215 people in Tacoma, according to the Economic Development Board of Tacoma-Pierce County.
Besides utility poles, the company also produces treated lumber for outdoor home projects, including composite decking, railings and related …