BURNABY, B.C. – Interfor Corp. has signed a deal to buy Eacom Timber Corp., a lumber producer with operations in Ontario and Quebec, for $490 million.
The corporate says the deal grows its whole lumber manufacturing capability by 25 per cent and grows its enterprise in Jap Canada.
Eacom has seven sawmills with a mixed annual spruce-pine-fir lumber manufacturing capability of 985 million board toes and an I-Joist plant with annual manufacturing capability of 70 million linear toes.
It additionally has a remanufacturing plant with annual manufacturing capability of 60 million board toes and rights to entry about 3.6 million cubic meters per yr of responsibly managed and internationally licensed fibre provide.
Interfor says the Eacom enterprise will function underneath the Interfor banner, however it’ll preserve all of its key working management and workers in addition to its workplace in Montreal.
The corporate says its whole annual lumber manufacturing capability will improve to 4.9 billion board toes, of which 46 per cent will likely be within the U.S. South, 16 per cent within the U.S. Northwest, 20 per cent in Jap Canada and 18 per cent in British Columbia.
This report by The Canadian Press was first revealed Nov. 23, 2021.
Corporations on this story: (TSX:IFP)
Interfor signs deal to buy lumber producer Eacom Timber for $490 million Source link Interfor signs deal to buy lumber producer Eacom Timber for $490 million