Hefler Forest Products being sold; sawmill could make a comeback
Feb. 13, 2017 - Lumber company Hefler Forest Products is being sold to merchant bank Hawthorne Capital and wind farm company Katalyst Wind Inc. for an undisclosed amount.
The N.S.-based company had been under creditor protection since July 2016.
Among the assets, Hefler's biomass plant is what remains running, but Hawthorne Capital president Trevor Hannigar told the Chronicle Herald there are plans to revive the sawmill.
“Although the energy side is important and we are excited to be contributing to renewable energy in the region, our team is considering all options to get the sawmill running again, including the possibility of having a third party operate it,” Hannigar told The Chronicle Herald.
The business deal is set to close on Feb. 24.
Read the full story.
RELATED: Hefler asks creditors for more time