Companies in the timber industry / Daily News / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
March 28, 2019
Conifex to sell Lignum Forest Products to Canwel
Conifex Timber Inc. has entered into a definitive purchase agreement with certain subsidiaries of Canwel Building Materials Group Ltd. for the sale of Lignum Forest Products LLP . The consideration for the transaction is approximately US$11.5 million, including approximately US$10.5 million for working capital. The estimated working capital is subject to customary post-closing adjustments. Ken Shields, Conifex's President and CEO, stated: "As we worked over the past several months capturing the synergies and integrating our two acquired US South mills into Conifex, it became apparent to us ...
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