Canfor Pulp Products Announces Sale of Its Taylor, BC, BCTMP Pulp Mill Site
Original Source:
Canfor Pulp Announces Sale Agreement for Taylor Pulp Site
Canfor Pulp Announces Sale Agreement for Taylor Pulp Site
On Wednesday, Canfor Pulp Products Inc. announced that it has entered into an asset purchase agreement to sell its Taylor, BC, BCTMP pulp mill site for $7 million (CAD).
In remarks accompanying the announcement, Canfor Pulp President and CEO Kevin Edgson said, “I am very pleased we have reached an agreement to sell our assets in Taylor, British Columbia, to a new owner that is committed to repurposing the site and developing a long-term plan which will benefit the community.”
The transaction is subject to customary closing conditions, with closing expected to occur during 2024Q1. Further details will be shared upon completion of the sale, Canfor said.
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.