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Tembec closes sawmill deals

Tembec completed the acquisition of the two Nexfor sawmills in La Sarre and Senneterre, QC, for $49.2 million plus…

Tembec completed the acquisition of the two Nexfor sawmills in La Sarre and Senneterre, QC, for $49.2 million plus working capital of $15 million.
The acquired sawmills have a softwood allocation of approximately 1.1 million cubic metres per year, produce 260 million board feet of lumber annually and employ close to 450 people.
The acquisition will boost Tembec’s annual lumber capacity to over 1.76 billion board feet.