On Wednesday, Weyerhaeuser Company announced that it has reached an agreement to sell its lumber mill in Princeton, British Columbia, to the Gorman Group, the parent company of Gorman Bros. Lumber Ltd., a family-owned wood products manufacturer based in West Kelowna, BC. The transaction is valued at approximately CA$120 million in cash and includes the manufacturing facility, associated timber license assets in British Columbia, and working capital, with the final amount subject to customary purchase price adjustments. Gorman Bros. Lumber is currently the Princeton mill’s largest customer, and the Gorman Group has operated in Canada ...