Canfor agrees to divestiture of sawmill in British Columbia
On April 1, 2004, Canfor Corporation (“Canfor”) entered into a consent agreement with the Commissioner of Competition, in which it agreed to divest its Fort St. James sawmill, located near Prince George, British Columbia. In the proposed transaction, Canfor acquired all of the shares of Slocan Forest Products Ltd., which the Commissioner found was likely to result in a substantial lessening of competition around Prince George in respect of the purchase of logs, supply of inputs to remanufacturers, and sale and supply of wood chips. The proposed transaction closed the same day.
