Arbec Forest Products Inc. announces the acquisition of the Forex OSB mill located in Amos, Canada. Arbec is thus consolidating its position in the Canadian forest industry and now manufactures approximately 5% of the OSB production in North America.
"The Amos Forex mill, an important part of the Abitibi regional forest ecosystem, fits perfectly into our development plan based on acquisitions and regional and national partnerships. We want to support local teams in continuing to innovate and optimize the mill while securing the direct and indirect jobs it generates. This acquisition will also allow us to increase the products offered to our customers," said Serge Mercier, CPA, Vice President Finance and Business Development of Arbec.
Forex's Amos plant employs 140 people and joins Arbec's OSB plants in Saint-Georges-de-Champlain, Québec and Miramichi, New Brunswick.
KPMG Corporate Finance Inc. acted as financial advisor and Miller Thomson LLP as legal advisor to Arbec Forest Products in connection with the transaction.
Arbec Forest Products Inc. is a major player in the Québec Forest industry specializing in OSB panels. Following the acquisition of the Forex OSB mill in Amos, Arbec employs approximately 450 people with its plants operating in Québec and New Brunswick.
