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Tembec divest mill in BC

2013-04-03 Tembec announces that it has reached an agreement to sell its NBSK pulp mill in Skookumchuck, British Columbia, to Paper Excellence Canada Holdings for a purchase price of $89 million.

Tembec expects to close the deal, which remains subject to certain

conditions and regulatory approvals, in the second calendar quarter of

2013.

The mill, which currently employs 290 workers, started up in 1968 and

has the capacity to produce about 250 000 tonnes per year of NBSK pulp.

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