Tuesday, March 30, 2010

Ear Falls Sawmill Sold

The idled Ear Falls Sawmill has a new owner.Domtar has agreed to sell its forest products business for 80-million dollars plus additional working capital to Vancouver-based EACOM Timber Corporation.

Domtar Spokesperson Bonnie Skene says the forestry products division includes 5-operating Sawmills as well as the Ear Falls plant, which is currently non-operational.

Skene stresses the deal doesn't include the assignment of any forest licences, including operations in the Trout and Wabigoon Forests.