Finlay Forest Industries
| Industry | Forest Products |
|---|---|
| Successor | Abitibi-Consolidated Ltd 2000; AbitibiBowater 2007; Conifex Timber 2010 |
| Founded | Mackenzie, British Columbia |
| Defunct | 2000 |
| Headquarters | Mackenzie, British Columbia |
| Products | Forest Products |
Finlay Forest Industries was a Canadian forest products company based in Mackenzie, British Columbia.
History
Finlay Forest Industries (FFI) was established in 1970 as a joint venture between Cattermole Timber and two Japanese firms, Jujo Paper and Sumitomo Forestry.[1] In 1980, operations were purchased by British Columbia Forest Products (BCFP). Slocan Forest Products Ltd. and Donohue Inc. acquired FFI in 1994 as equal co-owners. In 1999, Donohue Inc. completed an $80 million takeover of Finlay Forest Industries.[2] This was followed in 2000, by a $7.1 billion takeover of all Donohue's operations, including their Mackenzie holdings, by Abitibi-Consolidated.[3] As part of this acquisition, FFI was dissolved as a company with operations now under the Abitibi-Consolidated brand.
Abitibi-Consolidated operated the two sawmills, including their associated planer mills, the paper mill, and a steam/power plant until 2008 when the 2008 Recession shutdown all manufacturing operations.
Conifex Timber purchased all assets in 2010 and presently operates one sawmill.[4]
References
- ↑ Capital and Labour in the British Columbia Forest Industry, 1934-74
- ↑ ACQUISITION: DONOHUE OFFERS $80M FOR FINLAY FOREST. Retrieved January 14, 2014
- ↑ Building Community in an Instant Town. Retrieved January 18, 2014
- ↑ Conifex Creates Over 100 New Jobs By Acquiring A Dormant Sawmill In Mackenzie. Retrieved January 18, 2014