Resolute Forest Products buys remaining stake in two joint ventures in Quebec

THE CANADIAN PRESS/Paul Chiasson

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MONTREAL — Resolute Forest Products Inc. is announcing two acquisitions it says will improve the competitiveness of its wood products operations.

The Montreal-based company says it has reached an agreement with Louisiana-Pacific Corp. to buy out its 50 per cent stake in two joint ventures that produce I-joists in the Lac-Saint-Jean region of Quebec for $50 million.

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Source: SASKToday

 

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