Solifor Invests $36 Million to Acquire Forest Land in Maine in Order to Secure Supply for the Québec Industry Français

By Fonds de solidarité FTQ
Canada Newswire
October 12, 2017
Category: Forestry
Region: Canada, Canada East

QUÉBEC CITY – To further secure the supply of quality fibre for Québec sawmills and processors, Solifor continues its expansion outside Québec with the acquisition of Ste-Aurelie Timberlands, a 24,910-hectare forest property in Maine. The $36 million deal is Solifor’s second outside Québec, bringing its out-of-province investments to $65 million. Located at the border of Maine and Québec, this property, subject to forest management, is characterized by a mixed forest cover (coniferous and hardwood) and is in full development. …An initiative of the Fonds de solidarité FTQ, Solifor has invested $200 million to date to acquire 153,000 hectares of forest land in Québec, more specifically, in the Bas-Saint-Laurent, Lotbinière, Charlevoix, Saguenay, Portneuf, Mauricie and Abitibi regions, as well as 46,000 hectares in Maine, near the Québec border.

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