BURNABY, British Columbia — 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. This strategic initiative will support a focus on the areas of highest future potential across the remainder of the Company. 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, a long- standing, privately-held, Québec-based forestry company. …Interfor intends to permanently close its corporate office in Montréal, allowing for the full realization of synergies associated with the Company’s EACOM Timber Corporation acquisition announced in November 2021. Interfor will continue to own and operate its five sawmills and one I-Joist EWP facility in Ontario and its two sawmills and woodlands management business in New Brunswick.
Press release from Chantiers Chibougamau Ltée: Chantiers Chibougamau Signs an Agreement to Acquire Québec Interfor Assets