TimberWest Forest Corp. announced recently that it has agreed to acquire 7,678 hectares (18,973 acres) of private timberland on southern Vancouver Island from Western ForestProducts Inc. for $21.9 million. Closing is subject to customary conditions. This will bring TimberWest’s total land holdings to 327,678 hectares (809,973 acres) on Vancouver Island.
"We are very pleased with the addition of this highly productive timberland adjacent our existing lands on southern Vancouver Island," said Paul McElligott, TimberWest President and CEO. "This acquisition complements our core business strategy of managing forests for long
‐term sustainability and assuring a steady and continuing flow of high quality timber." The premium species mix and age class distribution of this land makes it a great complement to the Company’s managed forest lands on Vancouver Island. TimberWest will manage this land for its timberland value.
