BURNABY, British Columbia, May 27, 2021 -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced today that it has reached an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC (collectively “Georgia-Pacific”) to acquire four of its sawmill operations located in Bay Springs, MS, Fayette, AL, DeQuincy, LA and Philomath, OR (collectively the “Sawmill Operations”).

With more than a century of Kingsport history under its belt, Domtar begins a new chapter with a definitive agreement to be acquired by an international conglomerate owned entirely by a member of a billionaire Indonesian family, Jackson Widjaja.

One positive outcome of the pandemic and the implantation of distributed work has been a sharp drop in paper consumption: some large paper companies are closing factories to adapt to a market that no longer demands reams and reams of paper for photocopiers and printers as companies overnight were forced to move the vast majority of their admin to an electronic format.

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