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Fox Creek, Whitecourt sawmills under new ownership

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Canfor Corporation has entered into an agreement with Millar Western Forest Products Limited to acquire the company’s solid wood operations in Alberta and associated tenure, including sawmill operations in Fox Creek and Whitecourt.

The total value of the agreement is $420 million, as well as $56 million in working capital.

According to the press release, the overall purchase also includes the Spruceland Millworks facility in Acheson, adding 630 million board feet of production capacity to the company.

 

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