Interfor signs deal to buy lumber producer Eacom Timber for $490 million

BURNABY, B.C. — Interfor Corp. has signed a deal to buy Eacom Timber Corp., a lumber producer with operations in Ontario and Quebec, for $490 million.

The company says the deal grows its total lumber production capacity by 25 per cent and grows its business in Eastern Canada.

Eacom has seven sawmills with a combined annual spruce-pine-fir lumber production capacity of 985 million board feet and an I-Joist plant with annual production capacity of 70 million linear feet.

It also has a remanufacturing plant with annual production capacity of 60 million board feet and rights to access about 3.6 million cubic meters per year of responsibly managed and internationally certified fibre supply.