Western Forest Products Inc. has completed the sale of certain non-core assets for $36 million. The sale includes certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia, Canada.
The company intends to use the proceeds from the sale to repay debt and to support its long-term strategic initiatives.
Western Forest Products is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
