LOGO



DAILY NEWS Jan 29, 2013 2:54 PM - 0 comments

Western Forest Products sells long-vacant Squamish pulp mill site

TEXT SIZE bigger text smaller text
2013-01-29

Western Forest Products Inc. has entered into a conditional agreement for the sale of its former Woodfibre Pulp Mill site for the purchase price of $25.5 million. The site, consisting of 212 acres of industrial waterfront land, is located at the head of Howe Sound, southwest of Squamish, B.C.

Western will be responsible for satisfactorily remediating the property to applicable environmental standards prior to closing the sale. The net proceeds from the sale are expected to be approximately $17 million.

The sale is part of Western’s non-core asset divestiture program. Western is an integrated forest products company and the largest coastal British Columbia woodland operator and lumber producer.

The Squamish NBSK pulp mill was shut down in 2006.

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Email Address (will not be published) *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