Brief: Interfor To Exit Québec Operations

Interfor

16/10/2024 12:59

Oct 16 (Reuters) - Interfor Corp  IFP.TO :
    * INTERFOR TO EXIT QUÉBEC OPERATIONS
    * INTERFOR CORP: PLANS TO EXIT OPERATIONS IN QUÉBEC,
INCLUDING
SALE OF 3 MANUFACTURING FACILITIES AND CLOSURE OF MONTRÉAL
CORPORATE OFFICE
    * INTERFOR CORP: PURCHASE PRICE IS ESTIMATED TO BE ABOUT $30
MILLION IN CASH
    * INTERFOR CORP: ANTICIPATES TAKING IMPAIRMENT CHARGE IN Q3
    * INTERFOR: AS PART OF EXIT PLAN, ENTERED INTO DEFINITIVE
AGREEMENT TO SELL SAWMILLS IN VAL-D'OR, MATAGAMI & SULLIVAN
REMANUFACTURING PLANT IN VAL-D'OR

Source text for Eikon:  ID:nGNX50w86W 
Further company coverage:  IFP.TO 

 ((Reuters.Briefs@thomsonreuters.com;))