Kilmer Group Completes sale of Chaleur Forest Products

By Kilmer Group
Cision Newswire
December 1, 2022
Category: Business & Politics
Region: Canada, Canada East

TORONTO – Kilmer Group announced today the completion of its sale to Interfor Corporation of 100% of the equity interests in the entities comprising Chaleur Forest Products. Chaleur owns two sawmill operations located in Belledune and Bathurst, New Brunswick. Chaleur is the second-largest producer of lumber in Atlantic Canada, with an aggregate annual lumber production capacity of 350 million board feet. Chaleur also operates a woodlands management division based out of Miramichi that manages 2.3 million acres of Crown forests. …Kilmer Group’s investment in Chaleur, which is held through Kilmer Forestry LP, began in March 2016, when it acquired Chaleur sawmills. …”I am very proud of the accomplishments Chaleur and Kilmer have achieved together, said Larry Tanenbaum, Chairman and CEO of Kilmer Group. “And the transaction with Interfor is a strong opportunity for Interfor to leverage New Brunswick’s competitive market and generate long-term benefits for shareholders, customers, and employees alike.”

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