Canfor Purchase of Tembec’s British Columbia Sawmills and Forest Tenures

Acted for Canfor Corporation in an agreement with Montreal-based Tembec Industries Inc. to purchase all of Tembec's British-Columbia solid wood assets consisting of two sawmills located in Elko and Canal Flats and associated forest tenures for $60 million, including working capital.

Matter Value: CAD 60,000,000

November 28, 2011

The transaction is subject to customary closing conditions, including regulatory approvals, and is scheduled to close at the end of the first quarter of 2012.

The Davis team is led by Brian Hiebert and includes Megan Filmer, Kate Bake-Paterson, Garry Mancell, Angeline Nyce, Lana Finney, Richard Press, Kevin Wright, Mike Mjanes, Danielle Jarvis, Paul Lailey, Dennis Yee, Anelize Aguiar, and Shawn Hatch.