The acquisition is expected to close in the fourth quarter of 2020. Interfor curtailed operations at the Gilchrist specialty sawmill in June, citing COVID-19 related factors.
Interfor Corp., one of Canada's leading lumber producers and among the largest lumber companies in the world, will curtail production at three of its sawmills in British Columbia.
Interfor Corp. will curtail operations at its Tacoma, WA sawmill on May 22. The company cited high log costs and productivity-related issues. Market conditions and the time it takes to complete operational improvements will factor in a restart date.
North American lumber supplies and prices could be affected by the ruling of the Supreme Court of Canada granting the Tsilhqot'in First Nation title claim on land in British Columbia.