Conifex Timber completes sale of U.S. sawmill business
Topics: CONIFEX TIMBER U.S.
The purchase price was US$163 million, plus working capital, which is estimated at $13 million, for total consideration of $176 million.
Conifex's lumber segment credit facility was repaid in full on closing.
The balance of the proceeds from the sale are planned to be used for working capital and general corporate purposes. ■