Conifex to acquire Domtar's wood operations.MONTREAL -- Conifex Inc., a newly-formed forestry and sawmilling company, announced it is acquiring Domtar's Forest Products Division, including sawmills and timber rights timber right n. A claim to the trees on property belonging to another. Often used in the plural. in Quebec and Ontario. "Our goal is to become the Leader in forestry and sawmilling in Eastern Canada Eastern Canada (also the Eastern provinces) is the region of Canada generally considered to be east of Manitoba, consisting of the following provinces:
The transaction, which is expected to close before the end of the year, is subject to government approvals for the transfer of forest licenses, regulatory approvals and customary dosing conditions. Conifex is acquiring the Ear Falls, Nairn Centre and White River sawmills in Ontario and the Grand-Remous, Lebel-sur-Quevillon, Malartic, Matagami, Ste-Marie and Val-d'Or sawmills in Quebec. Also included is Domtar's interests in the joint ventures of Elk Lake Elk Lake may refer to
cubic metre, kiloliter, kilolitre metric capacity unit - a capacity unit defined in metric terms of annual harvesting rights and a production capacity of approximately 1.1 billion board feet. |
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