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BURNABY, British Columbia -- Interfor Corp. acquired 28,684,433 common shares of GreenFirst Forest Products Inc. from Rayonier A.M. Canada. Interfor paid approximately C$56 million in cash and now owns approximately 16.2% of GreenFirst's issued and outstanding shares. Interfor said its investment in GreenFirst is complementary to its expansion into Eastern Canada through the acquisition of EACOM Timber Corporation in February.

Canadian lumber giant Interfor will invest $8 million to restart the former Georgia Pacific sawmill near DeQuincy, Louisiana.

Interfor will invest $30 million to expand its sawmill operations in Perry, Georgia, according to an announcement by Gov. Brian Kemp and the Georgia Department of Economic Development.