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On April 28, 2023, Arbec Forest Products Inc., a leading Québec OSB panels producer, has acquired the Forex OSB mill located in Amos, Québec, expanding its share of North American OSB production to around 5%. The acquisition, which incorporates 140 new employees, aligns with Arbec's focus on innovation, sustainable development, and maintaining regional economic benefits. Arbec was advised by KPMG Corporate Finance Inc. for financial counsel and Miller Thomson LLP for legal guidance in the transaction. Financial terms were not disclosed.
Parties
Company
Arbec Forest Products Inc.
Company
Forex (OSB Mill in Amos, Canada)
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date