There is strong potential for growth in the development of forest products and processes with a small environmental footprint. Focusing on collaborative research with industry members, the Service de recherche et d’expertise en transformation des produits forestiers (SEREX) intends to develop this niche. To maintain momentum, the organization will receive a non-repayable contribution of $280,000…

Vancouver, BC, — Canfor Corporation has announced that it has completed the purchase of 70% of the Vida Group (“VIDA”) of Sweden for a purchase price of 3,990 million Swedish Krona (approximately CAD$580 million). “We are excited to welcome the VIDA team to Canfor and we are looking forward to working with VIDA to develop…

Komatsu America Corp. has announced it has entered into a definitive agreement to acquire TimberPro, Inc. The acquisition is expected to close on April 1st, 2019, subject to completion of the closing conditions. Established in 2002, TimberPro is a Wisconsin-based manufacturer of purpose-built forest machines and attachments, offering tracked feller bunchers and harvesters, forwarders, wheeled…

WILMINGTON, DE — Following the approval of all relevant authorities, BASF and Solenis have completed the previously announced merger of BASF’s wet-end Paper and Water Chemicals business with Solenis. With pro forma sales of approximately U.S. $3 billion, the combined company will operate under the Solenis brand and is positioned to provide expanded chemical offerings…

CANADIAN PRESS, MONTREAL — Shares of Resolute Forest Products Inc. closed about 12 % down on the Toronto Stock Exchange after the company released disappointing fourth-quarter results. The company, which reports in U.S. dollars, reported a net income of $36 million, or 38 cents per diluted share for the quarter ending Dec. 31, compared with…

Forest Products Association of Canada (FPAC) welcomes federal decision to have the Canadian Transportation Agency (CTA) investigate supply chain failures in British Columbia’s Lower Mainland. Canada’s forest products sector relies on an efficient and reliable transportation system to move our products through Canada to global markets. Over the past two years, system congestion through the…

Morbark LLC has announced that it has completed the acquisition of DENIS CIMAF Inc., based in Roxton Falls, Québec. This transaction represents the company’s second acquisition since private equity firm Stellex Capital Management LP acquired Morbark in 2016. The acquisition of Rayco Manufacturing in October 2017, brought a lineup of innovative equipment into the Morbark…

Resolute Forest Products Inc. has announced the appointment of Remi Lalonde as senior vice president and chief financial officer. Lalonde succeeds Jo-Ann Longworth, who will be retiring after a distinguished career, including the past seven years as senior vice president and chief financial officer at Resolute.Lalonde had been serving as vice president, Strategy and Corporate…

Vancouver, British Columbia – Western Forest Products Inc. has announced that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corporation and certain related entities located in Vancouver, Washington for consideration of US$30.5 million, including working capital of US$6.7 million. Working capital to be acquired is…

AUBURN, Ala. — The Auburn University School of Forestry and Wildlife Sciences has launched an online graduate certificate program developed for professionals to advance their knowledge about forest finance and investments. “The certificate program will improve students’ decision-making skills associated with forest management and planning, operations and investments,” said Frank Walburn, Regions Bank senior vice…