Canfor Corporation announced it will be closing its Vavenby sawmill in British Columbia this July following an orderly wind down. Canfor has reached an agreement to sell the forest tenure associated with the Vavenby sawmill to Interfor for a price of $60 million. The sale of the forest tenure is subject to customary closing conditions including the consent of the Minister of Forests. Closing is expected to occur in the third quarter of 2019. “Due to the current and long-term log supply constraints we face in the Vavenby region, along with the high cost of fibre, we have made the very difficult decision to permanently close the sawmill and sell the associated forest tenure to Interfor. The ongoing depressed lumber markets have expedited this decision,” said Don Kayne, President and CEO, Canfor. Click Read More below for additional information.
As Monadnock celebrates its 200th anniversary making a diverse range of specialty papers, it announces an investment in two new members of its Sales and Marketing team.
Troy Hill is a proven sales professional offering innovative client solutions and he excels in developing business in new markets. He has over 20 years of experience in narrow- and wide-format digital printing platforms. Troy hails from Leander, Texas where he will serve as one of Monadnock’s two new senior sales managers.
Michelle Jambor has over 25 years of experience in technical/specialty papers in direct sales and territory management. Her knowledge of polymer-saturation and fiber-based performance papers will lead to new opportunities for Monadnock. Michelle resides in Dowagiac, Michigan.
“There are significant growth opportunities for Monadnock’s technical/specialty and digital printing papers,” said Brendan Lesch, vice president of sales and marketing at Monadnock. “Troy and Michelle are well positioned to help us achieve our aggressive sales objectives.”