Tembec Inc. has successfully completed the sale by its subsidiary, Spruce Falls Inc., of its oriented strandboard (OSB) business located in Saint-Georges-de-Champlain, Quebec, to Jolina Capital Inc. for total consideration of $98 million. The deal closed on February 27, 2006.
Jolina Capital was represented by Steeve Robitaille (securities, commercial), Claire Zikovsky and An Nguyen (commercial), Myriam Fortin (environment), Frédéric Harvey (tax) and Jean-Marc Fortin (labour) of Stikeman Elliott LLP.
Tembec and Spruce Falls were represented by Antonio Fratianni, VP and general counsel of Tembec, with a team from Fraser Milner Casgrain LLP that included Stephen Lloyd (commercial), Vitale Santoro (securities), Claude Imbeau (business strategies, competition, banking), Richard Gauthier (tax), Christopher Main and Jonathan Halwagi (securities), Philipp Park and Kerry Williams (commercial) and Yan Besner (real estate).
The syndicate of lenders to the vendor (Spruce Falls) was led by TD Securities Inc., which was represented by François Renaud and Virginie Arbour-Maynard of Desjardins Ducharme LLP.
Jolina Capital was represented by Steeve Robitaille (securities, commercial), Claire Zikovsky and An Nguyen (commercial), Myriam Fortin (environment), Frédéric Harvey (tax) and Jean-Marc Fortin (labour) of Stikeman Elliott LLP.
Tembec and Spruce Falls were represented by Antonio Fratianni, VP and general counsel of Tembec, with a team from Fraser Milner Casgrain LLP that included Stephen Lloyd (commercial), Vitale Santoro (securities), Claude Imbeau (business strategies, competition, banking), Richard Gauthier (tax), Christopher Main and Jonathan Halwagi (securities), Philipp Park and Kerry Williams (commercial) and Yan Besner (real estate).
The syndicate of lenders to the vendor (Spruce Falls) was led by TD Securities Inc., which was represented by François Renaud and Virginie Arbour-Maynard of Desjardins Ducharme LLP.
