VANCOUVER, BC, Feb. 7, 2024
/CNW/ - Canfor Pulp Products Inc. (TSX: CFX) announced today
that it has entered into an asset purchase agreement to sell its
Taylor BCTMP pulp mill site for a price of $7 million.
"I am very pleased we have reached an agreement to sell our
assets in Taylor, British Columbia
to a new owner that is committed to repurposing the site and
developing a long-term plan which will benefit the community," said
Kevin Edgson, President and CEO,
Canfor Pulp.
The transaction is subject to customary closing conditions, with
closing expected to occur during the first quarter of 2024. Further
details will be shared upon completion of the sale.
Forward Looking Statements
Certain statements in this press release constitute
"forward-looking statements" which involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results, performance or
achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "projects", "intends", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and actual
events or results may differ materially. There are many factors
that could cause such actual events or results expressed or implied
by such forward-looking statements to differ materially from any
future results expressed or implied by such statements.
Forward-looking statements are based on current expectations and
Canfor assumes no obligation to update such information to reflect
later events or developments, except as required by law.
About Canfor Pulp Products Inc.
Canfor Pulp Products
Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp
and paper products with operations in the central interior of
British Columbia ("BC"). Canfor
Pulp owns and operates three mills in Prince George, BC with a total capacity of
780,00 tonnes of Premium Reinforcing Northern Bleached Softwood
Kraft ("NBSK") Pulp and 140,000 tonnes of kraft paper. CPPI shares
are traded on the Toronto Stock Exchange under the symbol CFX. For
more information visit canfor.com.
SOURCE Canfor Pulp Products Inc.
