Canfor completes $60 million acquisition of Tembec's BC southern interior wood products assets

Acted for Canfor Corporation as it completed its acquisition of the Tembec Industries Ltd. southern British Columbia interior wood products assets consisting of the Elko and Canal Flats sawmills and approximately 1.1 million cubic metres of combined Crown, private land and contract annual allowable cut

Matter Value: CAD 60,000,000

On March 23, 2012, Canfor Corporation, a leading Vancouver-based integrated forest products company, completed its acquisition of the Tembec Industries Ltd. ("Tembec") southern British Columbia interior wood products assets consisting of the Elko and Canal Flats sawmills and approximately 1.1 million cubic metres of combined Crown, private land and contract annual allowable cut. The transaction includes a long term residual fibre supply agreement for Tembec's Skookumchuck mill and an agreement for the management of private forest land.

Davis LLP represented Canfor Corporation in this transaction with a team led by Brian Hiebert that included Kate Bake-Paterson and Megan Filmer (corporate/commercial and due diligence leaders), Garry Mancell and Angeline Nyce, (forestry, corporate/commercial, and due diligence), Lana Finney (environment), Richard Press (labour and employment), Kevin Wright , Jonathan Gilhen and Heather Burgi (competition), Mike Mjanes (real estate), Danielle Jarvis (corporate/commercial and environment), Paul Lailey and Dennis Yee (tax), Anelize Aguiar and Stephanie Walsh (due diligence and closing) and Shawn Hatch (pensions and benefits).
 

Related Lawyers

Anelize Aguiar
604.443.2635

Kate Bake-Paterson
604.643.6375

Heather Burgi
604.643.6326

Megan Filmer
604.643.6441

Jonathan Gilhen
604.643.6475

Brian Hiebert
604.643.2917

Paul Lailey
604.643.2912

Michael Mjanes
604.643.6495

Richard Press
604.643.6444

Stephanie Walsh
604.643.2982

Dennis Yee
604.643.2959

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