Chantier Chibougamau Announces the Purchase of GreenFirst Forest Products’ Quebec Operations

Chantier Chibougamau, a family-owned company that been producing and marketing forest products since 1961, announced today (12-21-22) that it 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 and related forestry operations. GreenFirst has owned these mills since August 2021. They were previously owned by Tembec and then by RYAM-Rayonier as of 2017.

The acquisition of GreenFirst’s operations is in close alignment with Chantiers Chibougamau’s desire to consolidate its existing operations and to continue to increase the group’s autonomy and resilience to better deal with fluctuations in the wood industry. The core of the organization, based in Chibougamau, will be able to count on more high-performance lumber for engineered wood; kraft pulp production at the Nordic Kraft plant in Lebel-sur-Quévillon will benefit from greater stability of its long-term chip supplies; and the team at Scierie Landrienne and those at the two Abitibi-Témiscamingue plants will benefit from the addition of everyone’s talents and skills.

In addition, operations related to the Béarn and La Sarre sawmills are based on a long-term commitment to Forest Stewardship Council certification, as it’s the case for Chantiers Chibougamau.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.