GREY:ETRFF - Post by User
Post by
vicky56on Dec 07, 2011 10:27am
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Post# 19298884
another Aquisition of a wood products...
another Aquisition of a wood products...asset prevalent in Quebec and Ontario.
Canfor Corp. (CFP.TO) to buy Wood Products assets of Tembec (TMB.TO).
After Canfor decided to close it's historic Rustand and Tachoma mills in British Columbia, they will buy Tembec's Elko and Canal Flats Sawmills for about C$60 million! Canfor has determined that the capital investment plan on other facilities where smaller amounts of capital spending can realize significant improvements in cost performance and capacity!
The deal will include a long time agreement to provide for Tembec's northern bleached softwood pulpmill in Skookumchuch, BC, as Tembec plans to focus on it's core business of production of wood, pulp, papers, paperboard, and chemicals products.
Looks like there's a demand for forest products, especially in Eastern Canada.