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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.

For recent coverage of these projects visit here and here.

December 8, 2016  By  Tamar Atik