Interfor Corporation announced that it has reached an agreement to sell its Acorn specialty sawmill located near Vancouver, British Columbia to an affiliate of San Industries Ltd.<\/p>\n
The mill is located on an approximately 30-acre leased site on the Fraser River in Delta, B.C. The mill was built in 1963 and was acquired by Interfor in 2001 from Primex Forest Products. T<\/p>\n
It specializes in producing lumber squares for the traditional Japanese home market and most of the production is exported to Asia. The mill has a two-shift rated capacity of approximately 140 million board feet per year, but has been operating on a one-shift basis for many years.<\/p>\n
The mill produced 56 million board feet of lumber in 2021, representing approximately 2% of Interfor\u2019s total company-wide production in 2021.<\/p>\n
San Group is a privately held, B.C. based forest products company, with primary and value-added lumber manufacturing operations in Port Alberni and Langley, B.C. The San Group intends to continue operating the mill.<\/p>\n
The completion of the transaction is subject to customary conditions and is expected to close in the second quarter of 2022.<\/p>","protected":false},"excerpt":{"rendered":"