"Tolko is anchored in small communities and nowhere is this more evident than in Meadow Lake,” said Brad Thorlakson, CEO. “In 2001, we entered into partnership with the Government of Saskatchewan and a number of aboriginal stakeholders to build an oriented strand board (OSB) plant in Meadow Lake, Saskatchewan. The past 10 years, while filled with ups and downs in terms of the economy, has demonstrated the value and resiliency of the operation, our employees and the community. Today we are reaffirming our commitment to Meadow Lake and to OSB production and we’re looking forward to realizing the full potential of our asset under the Tolko flag.”
The agreement, signed between Tolko Industries and the CIC at the end of September, has now closed and will see Tolko take ownership of 100% of the Meadow Lake asset effective immediately.
Tolko Industries Ltd. is a private, Canadian-owned forest products company based in Vernon, British Columbia. Tolko is a major producer and marketer of lumber, veneer, plywood, oriented strand board, and kraft papers, with manufacturing operations across Western Canada.