Hefler Forest Products to be sold to anonymous buyer
Dec. 8, 2016 - Hefler Forest Products may be sold to an anonymous buyer come January 2017. The Sackville, N.S.-based lumber company has been under creditor-protection since July 2016.
The Chronicle Herald reports Hefler's lawyer, Carl Holm told the court in July that the company owes more than $30 million to four secured creditors and another $30 to 40 million to unsecured creditors.
Hefler, which was founded in 1866, has been a company longer than Canada has been a country.
According to its website, it began rebuilding its sawmill in 2014, which in turn helped to keep more than 50 jobs. The company also has a biomass energy plant, which was completed in June 2015.
No details are being revealed on the buyer at this time.
Read more details here.
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December 8, 2016 By Tamar Atik
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