Canfor sells Taylor Pulp to a subsidiary
Goes to Canfor Pulp for $15 million.
VANCOUVER — Canfor Corp. has sold its Taylor, BC pulp mill to its Canfor Pulp Products Inc. subsidiary.
The Vancouver-based forest products company said the $15 million transaction is not anticipated to have any operational impacts but will impact the management reporting structure at Taylor Pulp within Canfor Corp.
The agreement includes “additional consideration to be paid by Canfor Pulp over a three-year period contingent on the financial results of Taylor Pulp over that time.”
Taylor Pulp, in Taylor, BC, employs 106 people and has an annual production capacity of 220,000 tonnes of bleached chemi-thermo-mechanical pulp.