Interfor to sell its Québec sawmills

Interfor Corporation announced plans to exit its operations in Québec, Canada, including the sale of its three manufacturing facilities and the closure of its Montréal corporate office. As part of the exit plan, Interfor announced that it has entered into a definitive agreement to sell its sawmills in Val-d’Or and Matagami as well as its Sullivan remanufacturing plant in Val-d’Or, along with all associated forestry and business operations, to Chantiers Chibougamau Ltée, privately-held, Québec-based forestry company. The purchase price is estimated to be approximately $30 million in cash ...