Canfor sells 50% of Peace Valley OSB to LP
May 31, 2013, Vancouver, B.C. - Canfor Corporation has sold 50 per cent of its interest in the Peace Valley Oriented Strand Board to Louisiana-Pacific Corporation (LP).
LP is now the sole owner of the Peace Valley OSB mill.
The proceeds of the sale are $77 million including working capital. In addition, Canfor will receive further consideration over a three-year period based on Peace Valley OSB trailing twelve month EBITDA.