San Group’s Port Alberni sawmills, manufacturing plant to be part of court-ordered sale

By Carla Wilson
Victoria Times Colonist
January 16, 2025
Category: Business & Politics
Region: Canada, Canada West

Most of the San Group’s assets — including sawmills and a manufacturing plant in Port Alberni — are going up for sale today in a bid to recoup about $150 million for creditors under a process led by a court-appointed monitor. B.C. Supreme Court Justice Michael Stevens also agreed Thursday to extend the company’s protection from creditors until May 30. Monitor Deloitte Restructuring Inc., which received approval to start the sales process at a hearing in Vancouver, plans to develop a list of potential bidders and divide the company’s property into different offerings, hoping to maximize their value to help satisfy creditors. The plan set May 30 for agreements with potential purchasers. That will be followed by court approval around June 16 and closing dates not later than June 30. The sale would include assets of “every nature and kind” other than three entities, including the leased Acorn mill, manufacturing plant and other facilities in Delta.

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