The British Columbia-based forest products company has purchased four mills from Georgia-Pacific.
Canadian forest products giant, Interfor, reported that it has completed the acquisition of four sawmills from Georgia-Pacific.
First announced this past May, the mills are located in Bay Springs, Miss., Fayette, Ala., DeQuincy, La., and Philomath, Ore.
When announcing the deal two months ago, Interfor said it was paying US$375 million for the deal, which includes working capital. The acquisition is being funded by cash, Interfor said.
According to Interfor, the sawmills are complementary to its existing platforms in the U.S. South and Northwest with the acquisitions accelerating growth and enhancing the company’s position during robust market conditions.
Based in Burnaby, British Columbia, Interfor has an annual production capacity of approximately 3.9 billion board feet with operations located in Canada and the United States.