Tembec Sells Chetwynd Mill to Paper Excellence

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Tembec Inc., Montreal, Que., Canada, this week closed the sale of its pulp mill and related assets in Chetwynd, B.C., Canada, to Paper Excellence Canada Holdings Corp. for an undisclosed but "nominal amount." The Mill had been shut down since September 2012.

Approximately 80 employees are included in the transaction. Tembec acquired the pulp mill in 2002 from Louisiana-Pacific Canada Pulp Co. and Louisiana-Pacific Ltd.

Tembec is a producer of forest products, including lumber, pulp, paper, and specialty cellulose. Its principal operations are in Canada and France. Tembec has some 3,500 employees and annual sales of approximately $1.6 billion.

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