MONTREAL, March 10, 2014 /CNW Telbec/ - Tembec Inc. ("Tembec") announced
today that it has closed the sale of its pulp mill and related assets
("Mill") located in Chetwynd, British Columbia to Paper Excellence
Canada Holdings Corporation ("Paper Excellence") for a nominal amount.
The Mill had been shut down since September 2012. Approximately 80
employees are included in the transaction. Tembec acquired the pulp
mill in 2002 from Louisiana-Pacific Canada Pulp Co. and
Tembec is a manufacturer of forest products - lumber, pulp, paper and
specialty cellulose - and a global leader in sustainable forest
management practices. Principal operations are in Canada and France.
Tembec has some 3,500 employees and annual sales of approximately
$1.6 billion. Tembec is listed on the TSX (TMB).
For further information:
Vice President, Human Resources and Corporate Affairs
Tel.: 416 775-2819