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GreenFirst to acquire forest and paper products assets in Ontario and Québec - PLANT

GreenFirst to acquire forest and paper products assets in Ontario and Québec
April 12, 2021
Maryam Farag
GreenFirst Forest Products Inc. entered a binding asset purchase agreement, pursuant to which a wholly-owned subsidiary of GreenFirst has agreed to acquire a portfolio of forest and paper product assets from Rayonier A.M. Canada G.P. and Rayonier A.M. Canada Industries Inc., each a subsidiary of Rayonier Advanced Materials Inc., which is arm’s length to GreenFirst.
The purchaser is acquiring the purchased assets for a purchase price of US$140 million plus the value of the inventory on-hand at the time of closing, reflecting an aggregate purchase price expected to be approximately US$214 million, which is payable approximately 85 per cent in cash and approximately 15 per cent in common shares in the capital of GreenFirst. ....

Larry Swets , Rayonieram Canada Industries Inc , Greenfirst Forest Products Inc , Rayonier Advanced Materials Inc , First Forest Products , Industries Inc , North East , லாரி சுவேட்ஸ் , தொழில்கள் இன்க் , வடக்கு கிழக்கு ,

Canada's GreenFirst Forest buys six sawmills for $214 million

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ONTARIO and QUEBEC - GreenFirst Forest Products, a Canadian lumber company, will buy five lumber mills and one newsprint mill from Rayonier Advanced Materials for $214 million. Rayonier is a leading producer of cellulose pulp.
The deal includes all inventory currently on hand. Four of the sawmills are in Ontario and one is in Quebec. The newsprint mill is in Ontario.
The mills produced 604 million board feet of lumber in 2020 and are capable of producing a wide range of forest products used in residential and commercial construction, including dimensional lumber, wood chips, and by-products.
“This is a tremendous opportunity,” said Paul Rivett, Incoming Chairman of GreenFirst Forest Products and Chairman of NordStar Capital. “This represents a large step forward to our previously announced strategy of building GreenFirst as focused on lumber, newsprint, and forestry investments. We are excited to be expanding our manufacturing footprint through this ....

Rick Dorman , First Forest Products , Rayonier Advanced Materials , Paul Rivett , Incoming Chairman , Greenfirst Forest Products , Rayonier Advanced Material , Itasca Capital , Eacom Timber , பால் ரிவெட் , வருகை தலைவர் , ஈதஸ்க மூலதனம் ,

Kapuskasing and Hearst mills sold by Rayonier to GreenFirst Forest Products

Kapuskasing and Hearst mills sold by Rayonier to GreenFirst Forest Products
mykapuskasingnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mykapuskasingnow.com Daily Mail and Mail on Sunday newspapers.

Dave Plourde , Advanced Materials , First Forest Products , Paul Rivett , Kapuskasing Mayor Dave Plourde , டேவ் ப்ளௌுர்தே , பால் ரிவெட் , கபுஸ்கேசிங் மேயர் டேவ் ப்ளௌுர்தே ,

GreenFirst buying six lumber mills, newsprint mill

GreenFirst buying six lumber mills, newsprint mill
winnipegfreepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winnipegfreepress.com Daily Mail and Mail on Sunday newspapers.

British Columbia , La Sarre , Jonathan Hayward , Maple Ridge , Paul Rivett , Rick Doman , Itasca Capital Ltd , Torstar Corp , Senvest Management , Greenfirst Forest Products Inc , Eacom Timber Corp , Rayonier Advanced Materials Inc , First Forest Products , Rayonier Advanced Materials , Capital Ltd , Montreal Based Eacom Timber Corp , Jordan Bitove , Nordstar Capital , Canadian Press , பிரிட்டிஷ் கொலம்பியா , லா ஸார் , ஜொனாதன் வைக்கோல் , மேப்பிள் ரிட்ஜ் , பால் ரிவெட் , ரிக் தோமான் , ஈதஸ்க மூலதனம் லிமிடெட் ,

GreenFirst to buy six lumber mills and a newsprint mill from Rayonier for US$214M | iNFOnews

GreenFirst to buy six lumber mills and a newsprint mill from Rayonier for US$214M
Fresh cut lumber is stacked at a mill in Maple Ridge, B.C. Thursday, April 25, 2019. THE CANADIAN PRESS/Jonathan Hayward
April 12, 2021 - 12:50 PM
CALGARY - GreenFirst Forest Products Inc. says it has struck a deal to buy six lumber mills in Ontario and Quebec and a newsprint mill in Kapuskasing, Ont., for about US$214 million from subsidiaries of Rayonier Advanced Materials Inc.
The Vancouver-based company says a subsidiary will pay US$140 million plus the value of inventory on hand when the deals close, about 85 per cent in cash and 15 per cent in shares. ....

British Columbia , La Sarre , Jonathan Hayward , Maple Ridge , Paul Rivett , Rick Doman , Itasca Capital Ltd , Torstar Corp , Senvest Management , Greenfirst Forest Products Inc , Eacom Timber Corp , Rayonier Advanced Materials Inc , First Forest Products , Rayonier Advanced Materials , Capital Ltd , Montreal Based Eacom Timber Corp , Jordan Bitove , Nordstar Capital , Canadian Press , பிரிட்டிஷ் கொலம்பியா , லா ஸார் , ஜொனாதன் வைக்கோல் , மேப்பிள் ரிட்ஜ் , பால் ரிவெட் , ரிக் தோமான் , ஈதஸ்க மூலதனம் லிமிடெட் ,