Interfor Exits Quebec, Sells Operations for $30 Million

The lumber company cites economic challenges and forest fires as reasons for its strategic shift away from Quebec.

Interfor Corp. is selling its three manufacturing facilities in Quebec and closing its Montreal corporate office.
The sale includes sawmills in Val-d’Or and Matagami, and a remanufacturing plant in Val-d’Or, sold to Chantiers Chibougamau Ltée.
Interfor will receive $30 million in cash from the sale and enter a multi-year lumber supply contract with CCL.
The decision to leave Quebec was influenced by limited economic fibre availability due to record forest fires in 2023.
Interfor expects an impairment charge in its third quarter but excludes any duty deposits from the U.S.-Canada lumber trade dispute.