Canadian News

Interfor invests C$56 million for a minority stake in GreenFirst

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.

Woodworking Industry News

Simonson's lumber gets hacked

SAINT CLOUD, Minn. -- Customers of Simonson Lumber have been warned that on or about April 9, 2022, the company was hacked. Files were stolen in an attempt to extort the company. The company said that there was unauthorized access into the Company's IT environment which triggered its security protocols. Although Simonson's investigation efforts remain ongoing, it is possible that the information pertaining to some of the company's employees and consumers may have been affected.