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Interfor Corporation to acquire EACOM Timber Corporation
Posted on November 26, 2021 |
- Interfor Corporation reached an agreement with an affiliate of Kelso & Company to obtain 100% of the assets and interests of EACOM Timber Corporation.
- The agreement demands the spending of $490 million on a cash and debt-free basis which includes $120 million of net working capital.
- The transaction includes 7 sawmills with a combined annual spruce-pine-fir lumber production capacity of 985 million board feet, an I-Joist plant with an annual production capacity of 70 million linear feet, a value-added remanufacturing plant with an annual production capacity of 60 million board feet, authority to access 3.6 million cubic meters per year of responsibly managed and internationally certified fiber supply, and an office in Montreal.