LOGO



TABLE OF CONTENTS Jun 1999 - 0 comments

ACQUISITION: DONOHUE OFFERS $80M FOR FINLAY FOREST

TEXT SIZE bigger text smaller text
1999-06-01
MONTREAL, QC -- Donohue Inc. has agreed to buy Richmond, BC-based Slocan Forest Products' interest in Finlay Forest Industries Inc. for $80 million. If approved, Donohue acquires the remaining 50.1% share of Finlay, thus becoming sole owner. It gains a 200 000-t/y newsprint and specialty paper mill and two sawmills with a combined annual capacity of 360 million board feet of lumber. The mills are all in Mackenzie, BC. Michel Desbiens, Donohue's president and chief executive officer, pointed out the deal's benefit: "We will increase Donohue's presence in British Columbia and have more flexibility in answering the needs of our newsprint and lumber clients throughout the world." Slocan and Donohue have jointly owned Finlay since 1994. The transaction is subject to the usual regulatory approvals, including that of the minister of forests of British Columbia. It is expected to close in early July.

Photos

Finlay's TMP plant, which started up in late 1995, will operate under the Donohue banner once the deal is approved in early July.
Larger photo & full caption

File size: 49.3 KB (369px X 540px)
Caption: Finlay's TMP plant, which started up in late 1995, will...
Monitor These Topics


Horizontal ruler
Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields