Mill sale done deal.

• Position: In Brief - Brief Article

Tembec has completed its deal to purchase the Weyerhaeuser sawmill in Chapleau for $26 million (Cdn), including certain elements of working capital.

The acquired sawmill has a softwood allocation of approximately 524,000 cubic metres per year, produces 100 million board feet of lumber annually and employs nearly 140 people.

The acquisition of the Chapleau sawmill will provide a secure long-term fibre base for the...