Resolute to Acquire Tembec Sawmill in Senneterre, Que.
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Resolute Forest Products Inc., Montreal, Que., Canada, has announced the signing of an agreement to acquire the assets of Tembec's sawmill located in Senneterre, Que. 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.
