News Desk

Interfor Pays $325 Million for Chaleur Forest Products

Canadian forest products giant Interfor Corporation acquired Chaleur Forest Products for $325 million. The all-cash transaction included approximately $31 million of net working capital. An affiliate of the Kilmer Group Capital Partners, Chaleur has annual production capacity of 350 million board feet at its two sawmills. Its woodlands management division provides a secure source of fiber supply and stable, long-term cash flow. Interfor CEO Ian Fillinger said the acquisition is consistent with Interfor’s growth-focused strategy as a pure-play lumber producer and builds upon our expansion into Eastern Canada with further geographic diversity. Read more HERE

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