Tolko Industries Ltd. agrees to a hold separate for 45 days in its proposed acquisition of Riverside Forest Products Ltd.
On November 18, 2004, the Competition Bureau filed a consent interim agreement requiring Tolko Industries Ltd. (“Tolko”) to hold separate certain milling assets at the Riverside Okanagan Manufacturing Facilities, while the Bureau completed its review of the proposed transaction. Tolko made an unsolicited bid for Riverside Forest Products Ltd. (“Riverside”) in August 2004. The hold separate agreement required Tolko to continue to run the facility independently for 45 days while the Bureau completed its review. On January 24, 2005, Tolko acquired 100% of the common shares of Riverside.
