Two years after it was closed because of poor market conditions, the sawmill in Ignace, Ont., should be up and running in February.
VANCOUVER, BC, Jan. 11, 2021 - Itasca Capital Ltd. (TSXV: ICL) ("Itasca" or the "Company") is pleased to announce that, further to its news release dated September 17, 2020, the Company has changed its name to "GreenFirst Forest Products Inc."
2020 has been an unprecedented year. We are grateful to you for supporting us, for sharing in your knowledge and perspectives, and for guiding our vision to assist all Nations in creating a healthy forest sector that continues to sustain the cultural, spiritual, economic, and social lives of BC’s First Nations.
GP reached an agreement today to sell the company‘s nonwovens business to Glatfelter, a leading global supplier of engineered materials, headquartered in Charlotte, North Carolina, for $175 million. The sale must still go through customary closing conditions and regulatory clearances from competition authorities.