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.