Aug 15, 2008. /Lesprom.com/. International Forest Products Limited (“Interfor” ) announced it had notified Portac, Inc. it would pay for the previously-announced acquisition of Portac’s Olympic Peninsula operations with funds drawn from its bank facilities and consequently would not issue any shares to Portac under the terms of its option to pay a portion of the purchase price in Interfor Class A Subordinate Voting shares. The transaction is scheduled to close on September 30, 2008. Interfor is one of the Pacific Northwest’s largest producers of quality wood products. The Company has operations in British Columbia, Washington and Oregon, including two sawmills in the Coastal region of British Columbia, three in the B.C. Interior, one in Washington and two in Oregon.