Resolute to acquire Tembec sawmill in Senneterre
Sept. 23, 2016 - Resolute Forest Products Inc. has announced the signing of an agreement to acquire the assets of Tembec's sawmill located in Senneterre, Quebec.
September 23, 2016 By Resolute Forest Products Inc.
By adding the operations of the Tembec sawmill to those of the company’s existing Senneterre sawmill, Resolute expects to improve the productivity of its facilities and optimize the related woodlands operations in the Abitibi and Nord-du-Québec regions.
The transaction will be completed once all the conditions related to the purchase agreement are met to the satisfaction of the parties.
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, wood products, tissue, newsprint and specialty papers. The company owns or operates over 40 pulp, paper, tissue and wood products facilities in the United States, Canada and South Korea, as well as power generation assets in Canada and the United States. Marketing its products in close to 80 countries, Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
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