Resolute to buy Tembec sawmill

MONTREAL ―  Resolute Forest Products has announced an agreement to acquire the assets of Tembec’s sawmill in Senneterre, Que. By adding the operations of the Tembec sawmill to those of its existing Senneterre sawmill, Resolute expects to improve the productivity of its facilities and optimize the related woodlands operations in the Abitibi and Nord-du-Québec regions. The transaction will be completed once all the conditions related to the purchase agreement are met to the satisfaction of the parties.