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Goodfellow Inc. and Groupe Lebel Inc. Announces the Creation of Traitement Lebel Goodfellow Inc., a Treated Wood Production Company.

/ -- DELSON, QUEBEC -- (Marketwired) -- 12/11/15 -- Following the announcement on August 19, 2015, of their intention of creating a treated wood production company, Goodfellow Inc. (TSX: GDL) and Groupe Lebel Inc. announced today the closing of the transaction and the creation of Traitement Lebel Goodfellow Inc. With seven wood treatment plants to serve markets across Ontario, Quebec and the Atlantic provinces, Traitement Lebel Goodfellow Inc. thus becomes the largest treated wood producer in eastern Canada with unsurpassed geographical coverage.

Groupe Lebel's four plants located in Bancroft and Caledon, Ontario, Degelis and St-Joseph, Quebec, are now combined with Goodfellow's three plants located in Delson, Quebec, Elmsdale, Nova Scotia, and Deer Lake, Newfoundland, forming a new business unit focused on operational excellence.

With the creation of the company, Goodfellow Inc. has the exclusive mandate to market and distribute all of the company's production. This transaction allows us to enhance the strengths of the two partners to better serve the treated wood clients across eastern Canada.

Traitement Lebel Goodfellow Inc. is now operational and we therefore invite our excellent clientele to contact Goodfellow Inc. for more details.

About Goodfellow Inc.

Goodfellow Inc. is one of Canada's largest independent remanufacturers and distributors of lumber products and hardwood flooring products. The company's shares are listed on the Toronto Stock Exchange (Symbol: GDL).

About Groupe Lebel Inc.

Groupe Lebel Inc. is a leading private company in the fields of sawing and value-added wood products. Groupe Lebel Inc.'s primary plants are located in eastern Quebec, particularly in Degelis, St-Joseph, Price and Saint-Just-de-Bretenieres.

Goodfellow Inc.
Denis Fraser
President and Chief Executive Officer
450-635-3730 (FAX)

Groupe Lebel Inc.
Louis-Frederic Lebel
President and Chief Executive Officer
418-862-5054 (FAX)