EACOM Timber completes sale of Big River mill in Canada
Sep 21, 2011. EACOM Timber Corporation has announced the completion of the sale of the Big River Sawmill in Saskatchewan to Carrier Forest Products Ltd.
Sep 21, 2011. /Lesprom Network/. EACOM Timber Corporation announced the completion of the sale of the Big River Sawmill in Saskatchewan (the “Mill”) to Carrier Forest Products Ltd. (“Carrier”).
On January 5, 2010 EACOM acquired the Mill. The Mill was idled when purchased. Eacom has been diligently working to obtain the timber rights necessary to re-open the Mill for operation since then but has been unable to obtain any timber rights from the Government of Saskatchewan. EACOM made the difficult decision to sell the idled Mill and today has completed the sale of the Mill on an “as is, where is” basis to Carrier for a purchase price of $7.5 million.
The business activities of EACOM consist of the manufacturing, marketing and distribution of lumber, wood chips and wood-based value-added products, and the management of forest resources. EACOM owns eight sawmills, all located in Eastern Canada, and related tenures.