Interfor signs deal to purchase 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.

Interfor says the Eacom business will operate under the Interfor banner, but it will maintain all of its key operating leadership and employees as well as its office in Montreal.