09:49 AM EST - Canfor Corporation : announced today that it has signed an agreement to acquire Tembec Industries Ltd.’s (Tembec) southern British Columbia (B.C.) interior wood products assets, for a purchase price including working capital of $60 million. Canfor will purchase Tembec’s Elko and Canal Flats sawmills and approximately 1.1 million cubic metres of combined Crown, private land and contract annual allowable cut. The transaction will include a long-term agreement to provide residual fibre supply for Tembec’s Skookumchuck mill. Canfor Corporation
shares T.CFP are trading down $0.07 at $9.85.
