Jan 29, 2015. /Lesprom Network/.
Canfor Corporation sells Taylor, BC pulp mill to its
subsidiary company, Canfor Pulp Products Incorporated. This transaction will
impact the management reporting structure of Taylor Pulp within Canfor
Corporation but is not anticipated to have any operational impacts. The
agreement includes a purchase price of approximately $15 million including
working capital, along with additional consideration to be paid by Canfor Pulp
over a three year period contingent on the financial results of Taylor Pulp
over that time, as the company said in the press release received by Lesprom
Network.
"This transaction serves to align all of our pulp and paper
operations under the expertise of our Canfor Pulp leadership team," said
Canfor Corporation President and CEO Don Kayne.
Taylor Pulp employs 106 people and has an annual production capacity of
220,000 tonnes of bleached chemi-thermo-mechanical pulp.
Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with
operations in BC, Alberta , North and South Carolina and Alabama. Canfor produces
primarily softwood lumber, and also produces bleached chemi-thermo-mechanical
pulp and specialized wood products.
