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Hillcore completes acquisition of Lakeside Pacific Forest Products

Hillcore Group is pleased to announce that it has recently completed the acquisition of Lakeside Pacific Forest Products Ltd. This is part of Hillcore’s forestry investment strategy that includes the consolidation of fibre supply and the creation of added value opportunities and vertical integration.

Lakeside is a forestry company with extensive operations in B.C., with significant annual allowance cut. Lakeside has adhered to and is aligned with Hillcore’s policy of the strictest forest practices and is a leader in sustainable fibre practices.

Hillcore’s Forestry Group now controls significant allowable annual cut and, with its current platform, is on target to harvest 1.5 million cubic meters by the end of 2021.

Allen Soltis, who leads the forestry group, said, “We are excited to add such a forestry jewel as Lakeside to our management portfolio.”

Hillcore’s investments focus is to expand new operations in:

• Forestry and logging
• Sawmills and value added forest products
• OSB panels and wood chips
• Biomass, biofuel co-generation and community heating