Tembec 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.
