John Brink

Prince George, B.C. — Brink Forest Products Ltd. has submitted an Addendum to its September 9th, 2024 Letter of Intent to acquire four sawmills from Canfor Corporation. This major step builds on Brink’s longstanding commitment to the region and its industries, following a previously submitted Letter of Intent. The sawmills… represent a critical opportunity for Brink to protect local manufacturing jobs and sustain regional economies. …To support the acquisition, and with Canfor’s agreement, Brink engaged Industrial Forest Service Ltd., led by Rob Schuetz, to perform a detailed analysis of the renewable timber tenures associated with each of the four mills. …Their analysis focused on two primary objectives which include establishing the future volume of replaceable tenure apportioned to each mill, as well as determining the fair market value per cubic meter of tenure in the current marketplace. Together, these elements formed the basis for the transaction value which Brink presented to Canfor today.