San Group’s Port Alberni sawmills and manufacturing plant to be sold under court order

Most of San Group’s assets, including its sawmills and manufacturing plant in Port Alberni, will be sold to repay over $150 million in debts to creditors. This decision comes after a ruling from the British Columbia Supreme Court, which also extended the company's protection from creditors until May 30. Deloitte Restructuring Inc., the court-appointed monitor, is overseeing the sale process, which aims to maximize the value of the assets and ensure fair repayment to creditors. The company will divide San Group's assets into different offerings and compile a list of potential buyers. The monitor is ...