Tembec Closes Sale of Chetwynd Pulp Mill to Paper Excellence

The Chetwynd high-yield pulp mill in British Columbia has an annual production capacity of 240,000 tonnes.

March 10, 2014 - Tembec Inc. announced today that it has closed the sale of its pulp mill and related assets located in Chetwynd, British Columbia (Canada) to Paper Excellence Canada Holdings Corporation for a nominal amount.

The Chewynd mill had been shut down since September 2012.

Approximately 80 employees are included in the transaction, Tembec said.

Tembec acquired the pulp mill in 2002 from Louisiana-Pacific Canada Pulp Co. and Louisiana-Pacific Ltd.

Tembec is a manufacturer of forest products — lumber, pulp, paper and specialty cellulose. Principal operations are in Canada and France. To learn more, please visit: www.tembec.com.

SOURCE: Tembec