Montreal, November 23, 2021 – Earlier today, Interfor Corporation announced it has reached an agreement with an affiliate of Kelso & Company to acquire 100% of the equity interests of EACOM Timber Corporation.
“This transaction will allow our team to write its next chapter as part of one of North America’s best lumber companies,” said EACOM’s president and CEO Kevin Edgson. “Interfor’s operational excellence, financial strength, customer relationships and North American-wide portfolio will provide substantial opportunities to our people and our stakeholders. Our companies have shared values, including a commitment to safety and environmental responsibility and we are thrilled to be a part of Interfor’s continuing growth ambitions.”
This transaction with Interfor increases its total lumber production capacity by 25%. Interfor capacities will be nearly 5 billion board feet across 28 sawmills, with multiple secondary manufacturing facilities and 4,600 employees. Interfor is committed to growing EACOM and the region where it operates over the long term and to continually invest in the competitiveness of the EACOM operations to the benefit of all stakeholders.
About EACOM Timber Corporation
EACOM Timber Corporation is a major Eastern Canadian wood products company. Operations include the manufacturing, marketing, and distribution of lumber and wood-based value-added products, and the management of forest resources. EACOM owns seven sawmills, a remanufacturing facility, and an engineered I-joist plant with over 1,300 employees. The Company is committed to investing in strong assets, including healthy forests, advanced technology, and talented people.
Visit our website at www.EACOM.ca and follow us on Twitter @EACOMTimberCo.
Interfor is a growth-oriented forest products company with operations in Canada and the United-States. The Company has annual production capacity of approximately 3.9 billion board feet and offers a diverse line of lumber products to customers around the world. For more information about
For more information about Interfor, visit our website at www.interfor.com.