Conifex Timber Inc. announced that it has entered into a definitive purchase agreement with Hampton Lumber for the sale of its Fort St. James sawmill and associated forest license. The purchase price is approximately $39 million plus the market value of finished lumber and log inventory at closing. Ken Shields, Conifex's Chair and CEO, stated: "“We have known for some time that lumber industry rationalization is inevitable because too little sawlog supply is available to maintain the existing manufacturing base in the Interior region of BC. The decision we have taken to sell the mill ...
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