Western Forest Products sells pulp mill site in British Columbia

Canada’s Western Forest Products has completed the sale of its pulp mill site near Squamish, British Columbia, to Woodfibre LNG Limited for $21.8 million.

 

The forest products company intends to use the capital to pay outstanding debt and to further its strategic capital plans.

 

The sale agreement covers assets including 212 acres of industrial waterfront land, all associated foreshore leases, water licenses and permits.