Interfor to Exit Québec, Focus on Ontario and New Brunswick
Company Announcements

Interfor to Exit Québec, Focus on Ontario and New Brunswick

Story Highlights

Interfor (TSE:IFP) has released an update.

Interfor Corporation is exiting its operations in Québec by selling its manufacturing facilities and closing its Montréal office, aimed at focusing resources on more promising areas. The company has entered into an agreement with Chantiers Chibougamau Ltée to sell its sawmills and remanufacturing plant for around $30 million. This move is influenced by limited fiber availability due to recent forest fires, allowing Interfor to better concentrate on its Ontario and New Brunswick operations.

For further insights into TSE:IFP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyInterfor downgraded to Hold on valuation at TD Securities
TheFlyInterfor downgraded to Hold from Buy at TD Securities
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App