Chantiers Chibougamau acquires GreenFirst Forest Products’ Quebec operations

By Chantiers Chibougamau Ltée
Cision Newswire
December 21, 2022
Category: Business & Politics
Region: Canada, Canada East

CHIBOUGAMAU, Quebec — Chantiers Chibougamau has entered into an agreement with GreenFirst Forest Products to acquire all of the company’s Quebec operations, namely the La Sarre and Béarn sawmills. Formerly owned by Tembec and then by RYAM-Rayonier as of 2017, these two… sawmills are based on a long-term commitment to Forest Stewardship Council certification, as it’s the case for Chantiers Chibougamau. …The transaction is subject to the approval of the Canadian Competition Bureau and is expected to close in the first quarter of 2023. …Post-closing the firm will process approximately 2.7 million cubic metres of wood for the annual production of 600 million board feet of lumber.

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