Louisiana Pacific buying out Canfor's shares in Peace Valley OSB

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Erica Fisher

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.

Currently, the two companies jointly operate the mill, with LP handling operations and Canfor providing labour, fiber resource management and administration. If both parties agree to the terms and conditions, LP will be solely responsible for running the mill.

Canfor President and Chief Executive Officer Don Kayne explains the decision to sell its assets is part of the company's "re-profiling" to focus on lumber, pulp and paper manufacturing. Canfor will continue to provide fiber resource management and temporarily provide administrative services during the transition.

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