On May 27, 2003, Vancouver-based Canfor Corporation, Canada’s laregest lumber producer, purchased the outstanding shares of Daaquam Lumber Inc. and Produits Forestiers Anticosti Inc., two privately owned lumber and timber harvesting companies based in Quebec City. The purchase price was $50 million in cash and assumed debt.
Read the laws for timber harvesting on private lands in Canada in this article.
Canfor’s legal team was directed by David Calabrigo, general counsel and corporate secretary, and included Lawson Lundell with a team consisting of Bill Dickson, Charles McKee and Ben Slager (acquisitions), Valerie Mann (Competition Act), Reinhold Krahn (tax) and Paul Bradley (banking), and Stikeman Elliott LLP in Montreal with a due diligence team that included Pierre Raymond, Geneviève Lavertu (corporate), Bertrand Ménard (real estate) and Jean Carrier (environment).
Canfor’s lender was represented by Jean-François Boisvenu of McCarthy Tétrault LLP in Montreal.
Daaquam Lumber, Produits Forestiers Anticosti and the vendors were represented by Yves Rochette and Rico Toffoli of Langlois Kronström Desjardins in Quebec City.
