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Canfor’s Taylor pulp mill joins Canfor Pulp subsidiary


February 4, 2015
By Pulp & Paper Canada

Canfor Corp. has sold its Taylor, B.C., pulp mill to its subsidiary company, Canfor Pulp Products Inc. This transaction will affect the management reporting structure of Taylor Pulp within Canfor Corp. but is not anticipated to have any…

Canfor Corp. has sold its Taylor, B.C., pulp mill to its subsidiary company, Canfor Pulp Products Inc. This transaction will affect the management reporting structure of Taylor Pulp within Canfor Corp. but is not anticipated to have any operational impacts.

“This transaction serves to align all of our pulp and paper operations under the expertise of our Canfor Pulp leadership team,” said Canfor Corp. president and CEO Don Kayne.

Taylor Pulp employs 106 people and has an annual production capacity of 220,000 tonnes of bleached chemi-thermo-mechanical pulp.

The agreement includes a purchase price of approximately $15 million including working capital, along with additional consideration to be paid by Canfor Pulp over a three-year period contingent on the financial results of Taylor Pulp over that time.

Canfor is an integrated forest products company based in Vancouver, with operations in B.C., Alberta, North and South Carolina, and Alabama. Canfor produces primarily softwood lumber.

Canfor also owns a 50.5% interest in Canfor Pulp Products Inc., which is one of the largest producers of northern softwood kraft pulp in Canada.