Less than six weeks after announcing its closure, a family-owned local timber company has purchased a Boyle sawmill from an Edmonton timber company for more than $30.6 million, plus working capital. However, the mill is still scheduled to be shut down this year.
The deal between Northland Forest Products, located 16 kilometres north of Fort McMurray, and Millar Western Forest Products Ltd. was finalized on Dec. 22, 2015. Since then, Northland has been moving the sawmill’s existing timber inventory to its Fort McMurray mill.
Once that inventory is depleted, Northland president Howard Ewashko says, the Boyle sawmill will close. The staff, who remain Millar Western employees, will be laid off.