Finlay Forest Industries Explained

Finlay Forest Industries
Foundation:Mackenzie, British Columbia
Location:Mackenzie, British Columbia
Industry:Forest Products
Products:Forest Products
Successor:Abitibi-Consolidated Ltd 2000; AbitibiBowater 2007; Conifex Timber 2010
Defunct:2000

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. 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]

Notes and References

  1. Capital and Labour in the British Columbia Forest Industry, 1934-74
  2. http://www.pulpandpapercanada.com/news/acquisition-donohue-offers-80m-for-finlay-forest/1000107313/ Acquisition: Donohue offers $80M for Finaly Forest
  3. http://web.unbc.ca/geography/faculty/greg/publications/book%20intro.pdf Building Community in an Instant Town
  4. http://www.northerndevelopment.bc.ca/explore-our-region/success-stories/conifex-timber-inc-re-opens-site-ii-sawmill-in-mackenzie-creating-over-110-jobs/ Conifex Creates Over 100 New Jobs By Acquiring A Dormant Sawmill In Mackenzie