M&A Deal Summary

Resolute Forest Products Acquires Conifex Timber - Three U.S. Sawmills

On December 24, 2019, Resolute Forest Products acquired forest products company Conifex Timber - Three U.S. Sawmills from Conifex for 163M USD

Acquisition Highlights
  • This is Resolute Forest Products’ 4th transaction in the Forest Products sector.
  • This is Resolute Forest Products’ largest (disclosed) transaction.
  • This is Resolute Forest Products’ 2nd transaction in the United States.

M&A Deal Summary

Date 2019-12-24
Target Conifex Timber - Three U.S. Sawmills
Sector Forest Products
Buyer(s) Resolute Forest Products
Sellers(s) Conifex
Deal Type Divestiture
Deal Value 163M USD

Target

Conifex Timber - Three U.S. Sawmills

United States
Conifex Timber's Three U.S. Sawmills produce construction-grade dimensional lumber and decking products.

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Buyer(S) 1

Buyer

Resolute Forest Products

Montreal, Quebec, Canada

website


Category Company
Sector Forest Products
Employees7,700
Revenue 4.3B USD (2014)
DESCRIPTION

Resolute Forest Products is engaged in the forest products industry with a diverse range of products, including newsprint, specialty papers, market pulp and wood products. The company owns or operates some 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada. Barclays is based in Montreal, Quebec.


DEAL STATS #
Overall 4 of 5
Sector (Forest Products) 4 of 4
Type (Divestiture) 2 of 3
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Resolute Forest Products - Catawba SC Paper and Pulp Mill Operation

Montréal, Quebec, Canada

Resolute Forest Products, Inc. - Catawba, SC, Paper and Pulp Mill operation includes a kraft mill and a pulp dryer to produce market pulp, a thermomechanical pulp mill as well as a lightweight coated paper machine. The facility currently employs 460 people.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Boralex - Senneterre Power Plant

Kingsey Falls, Quebec, Canada

Boralex's Senneterre Power Plant provides a 34.5 MW power plant.

Buy -

Seller(S) 1

SELLER

Conifex

Vancouver, British Columbia, Canada

website


Category Company
Founded 2007
Sector Forest Products
Employees287
Revenue 251M CAD (2021)
DESCRIPTION

Conifex primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Conifex has expanded its operations to include bioenergy production following the commencement of commercial operations of its power generation facility at Mackenzie, British Columbia. Conifex was founded in 2007 and is based in Vancouver, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Suwannee Lumber

Cross City, Florida, United States

Suwannee Lumber Co. is a operator of lumber manufacturer and lumber Stores. Suwannee Timber Management, currently operates an impressive 150 million board foot sawmill operation on Florida’s Gulf of Mexico in Cross City, Florida. Our ground cover division, Suwannee River Mulch and Soil, is poised for steady growth and prepared to become the main supplier of mulch in the Southeastern United States.

Buy -