GreenFirst Forest Products Inc. has completed the previously announced sale of its La Sarre and Béarn sawmills, Abitibi and Témiscamingue forestry operations, as well as their related assets and business operations to Chantiers Chibougamau Ltée, for a total purchase price of approximately $94 million, subject to final adjustments.
With the sale of its Quebec assets, GreenFirst Forest Products has had to say goodbye to over 500 hard-working employees.
BMO Bank of Montreal is acting as exclusive financial advisor to GreenFirst.
GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns 4 operating sawmills and 1 paper mill in Ontario.
