Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Tembec closes NBSK pulp mill sale

Stockhouse Editorial
0 Comments| May 17, 2013


Tembec (TSX: T.TMB, Stock Forum) Friday announced the closing of the sale of its NBSK pulp mill and related assets located in Skookumchuck, British Columbia to Paper Excellence Canada Holdings, this according to a company news release.  

Total consideration for the transaction is $94.6 million, including $25.5 million in working capital.

Tembec, a manufacturer of forest products, will use the cash proceeds to pay down revolving operating debt and for general corporate purposes.  


Tags: PAPER & PAPER PRODUCTS

Rate this article
3 stars
v
Usefulness

Clarity

Credibility

Comments

No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.