Canwel Building Materials Group Ltd. announced that Messrs. Jacob Kotzubei and Martin Melone were initially appointed to CanWel's board in 2010 in connection with closing of the Company's acquisition of Broadleaf Logistics Company, pursuant to board appointment rights under a securityholders rights agreement with Rudy Holding II SaRL. The mandate of Platinum Equity's underlying investment vehicle life cycle is coming to an end, and accordingly Rudy has sold its portfolio investment in CanWel effective April 8, 2016.

Given the sale of the position, the board appointment rights have no further effect, and therefore Messrs. Kotzubei and Melone have resigned from the Company's board of directors.