Canadian Canfor Corporation announced today it will be closing its Vavenby sawmill in British Columbia this July following an orderly wind down. Canfor has reached an agreement to sell the forest tenure associated with the Vavenby sawmill to Interfor for a price of $60 million. The sale of the forest tenure is subject to customary closing conditions including the consent of the Minister of Forests. Closing is expected to occur in the third quarter of 2019. “Due to the current and long-term log supply constraints we face in the Vavenby region ...
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