Canfor completes $60 million acquisition of Tembec's BC southern interior wood products assets
Published: Thursday, 5 April 2012
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.
Garry Mancell, R.P.F.
Angeline S.B. Nyce, R.P.F.