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 Marathon pulp manufacturing joint venture.
It will also allow the company to generate synergies with its existing sawmills in the region, particularly in the area of forest resource management.
