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Canfor Corp. has agreed to acquire Tembec Industries Ltd.'s southern British Columbia Interior wood products assets, for a purchase price including working capital of $C60 million. Canfor will purchase Tembec's Elko and Canal Flats sawmills and about 1.1 million cubic meters of combined Crown, private land, and contract annual allowable cut. The transaction will include a long-term agreement to provide residual fiber supply for Tembec's Skookumchuck mill. 11/28/2011

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