{"id":88158,"date":"2024-10-18T06:34:52","date_gmt":"2024-10-18T06:34:52","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/interfor-to-sell-its-quebec-sawmills\/"},"modified":"2025-09-19T09:02:58","modified_gmt":"2025-09-19T09:02:58","slug":"interfor-to-sell-its-quebec-sawmills","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/interfor-to-sell-its-quebec-sawmills\/","title":{"rendered":"Interfor to sell its Qu\u00e9bec sawmills"},"content":{"rendered":"

Interfor Corporation announced plans to exit its operations in Qu\u00e9bec, Canada, including the sale of its three manufacturing facilities and the closure of its Montr\u00e9al corporate office.<\/span><\/p>\n

As part of the exit plan, Interfor announced that it has entered into a definitive agreement to sell its sawmills in Val-d\u2019Or and Matagami as well as its Sullivan remanufacturing plant in Val-d\u2019Or, along with all associated forestry and business operations, to Chantiers Chibougamau Lt\u00e9e, privately-held, Qu\u00e9bec-based forestry company.<\/p>\n

The purchase price is estimated to be approximately $30 million in cash, based on the value of specific working capital items at June 30, 2024, which will be subject to normal course adjustments at closing, plus the assumption of certain liabilities by CCL. Additionally, Interfor and CCL will enter into a multi-year contract for the supply of Machine Stress Rated (\u201cMSR\u201d) lumber to Interfor\u2019s I-Joist engineered wood products (\u201cEWP\u201d) facility in Sault Ste. Marie, Ontario.<\/p>\n

The sale does not include any countervailing (\u201cCV\u201d) or anti-dumping (\u201cAD\u201d) duty deposits related to the ongoing US\/Canada softwood lumber trade dispute. All historical CV & AD deposits up to the date of closing will be retained by Interfor. Total CV & AD deposits related to the facilities up to June 30, 2024 totalled approximately US$56 million, excluding any interest.<\/p>\n

As part of the exit plan, Interfor also announced that it intends to permanently close its corporate office in Montr\u00e9al in the coming months, allowing for the full realization of synergies associated with the Company\u2019s EACOM Timber Corporation acquisition announced in November 2021.<\/p>\n

Interfor will continue to own and operate its five sawmills and one I-Joist EWP facility in Ontario and its two sawmills and woodlands management business in New Brunswick.<\/p>\n

\u201cAfter careful review of the potential future options for our Qu\u00e9bec operations, we believe the sale to CCL is the best long-term outcome for Interfor,\u201d said Ian Fillinger, President & Chief Executive Officer. \u201cThe decision to exit our Qu\u00e9bec operations was influenced by recent developments that have restricted the availability of economic fibre, including record forest fires in 2023. This divestiture enables us to focus resources on our remaining Eastern Canadian sawmills situated in Ontario and New Brunswick, which are well-positioned with competitive log costs and an increasingly valuable spruce-pine-fir lumber product mix.\u201d<\/p>\n

The Val-d\u2019Or and Matagami sawmills have a combined two-shift rated lumber production capacity of 255 million board feet per year, representing approximately 5% of Interfor\u2019s total company-wide capacity. However, the mills only produced 206 million board feet of lumber in the trailing twelve months ended June 30, 2024, representing a utilization rate of approximately 80%. Since early August 2024, the mills have been operating at a utilization rate of approximately 50%.<\/p>","protected":false},"excerpt":{"rendered":"

Interfor Corporation announced plans to exit its operations in Qu\u00e9bec, Canada, including the sale of its three manufacturing facilities and the closure of its Montr\u00e9al corporate office. As part of the exit plan, Interfor announced that it has entered into … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":84071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nInterfor to sell its Qu\u00e9bec sawmills - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/interfor-to-sell-its-quebec-sawmills\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interfor to sell its Qu\u00e9bec sawmills - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Interfor Corporation announced plans to exit its operations in Qu\u00e9bec, Canada, including the sale of its three manufacturing facilities and the closure of its Montr\u00e9al corporate office. 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