Quebec’s Solifor Acquires Maine Forest for $36 Million

To further secure the supply of quality fibre for Québec sawmills and processors, Solifor is continuing its expansion outside Quebec with the acquisition of Ste-Aurelie Timberlands, a 24,910-hectare forest property in Maine. The $36-million deal is Solifor’s second outside Quebec, bringing its out-of-province investments to $65 million.

Located at the border of Maine and Québec, this property, subject to forest management, is characterized by a mixed forest cover (coniferous and hardwood) and is in full development. The territory’s main customers and users are Québec companies, including Maibec and Groupe Lebel. With transportation being an important cost for Québec sawmills, this transaction will contribute to a better bottom line, according to a Solifor statement. read more >>