Tag Archives: Interfor

Interfor increased Q4 sales to $810.3 million

Interfor Corporation recorded a net loss in Q4 2022 of $72.2 million, or $1.40 per share compared to net earnings of $3.5 million, or $0.06 per share in Q3 2022 and $69.7 million, or $1.15 per share in Q4 2021. Adjusted EBITDA was a loss of $68.7 million on sales of $810.3 million in Q4 2022 […]

Interfor announces temporary production curtailments in Q1’23

Interfor announced plans to reduce its lumber production output in the first quarter of 2023 by at least 100 million board feet, or 8% of quarterly capacity, as economic conditions and market uncertainty continue to impact lumber demand. This temporary reduction in output is expected to be mostly concentrated outside of Interfor’s US South operating […]

Interfor to acquire Eacom Timber Corporation

Interfor Corporation has reached an agreement with an affiliate of Kelso & Company to acquire 100% of the equity interests of Eacom Timber Corporation. The purchase price is C$490 million, on a cash and debt free basis, which includes C$120 million of net working capital. In addition, Interfor will assume Eacom’s countervailing (“CV”) and anti-dumping […]

Interfor to acqure four US sawmills from Georgia-Pacific

Interfor recently announced that it has reached an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC to acquire four of its sawmill operations located in Bay Springs, MS, Fayette, AL, DeQuincy, LA and Philomath, OR, in the US. The total purchase price of US$375 MM, which includes working capital, will be funded […]