Hefler Forest Products on the block

heffler300 The CH reports that “A mystery buyer is kicking the tires ahead of inking a deal in January for all of iconic lumber company Hefler Forest Products’ assets in Sackville.” Hefler is a 150 year old company located in Sackville, NS with 59 employees. It holds over $30 million in debt and has been under creditor protection since July. The article reports that its most significant asset is a 19 year contract with NSP. View CH article.

The role of biomass in the company’s fortunes is hazy. In July, a former employee said that “They were able to get government money to build this biomass plant and it just isn’t working… Hefler Forest Products was chipping up logs to burn in the power plant.” (See Post of July 23, 2016.)

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