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Brink Sells Alberta Company
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By Gordon Hoekstra
Prince George Citizen, May 3, 2006
Prince George-based Brink Forest Products is no longer the owner of Palliser Lumber Sales Ltd., an Alberta-based company it purchased only six months ago.
Palliser was sold to another company, Brink Forest Products president John Brink said Tuesday.
A private company, Alaris Income Growth Fund, controlled by Alberta businessman Clay Riddell bought Palliser Lumber Sales almost two weeks ago.
Brink would not disclose the sale price.
Brink said the sale of the Alberta firm means he will be focusing on his Prince George operations, which include finger-joint operations and a mothballed lumber remanufacturing plant. Brink also started construction on a sawmill last year, but that project was put on hold.
Brink said he is bullish following the tentative resolution of the softwood lumber dispute last week, which could help restart the lumber remanufacturing plant and sawmill construction.
With lumber shipments to the U.S. restrained by export taxes, volume caps and a provision to stop increases during three-month periods, lumber producers may be interested in finding markets for low-grade lumber, noted Brink.
In the past, Brink has had deals with Canfor to remanufacture its low-grade lumber.
Brink has been on an aggressive push to expand his companies in the last few years.
At the end of 2003, the company announced it had bought Pleasant Valley Remanufacturing, located in Houston, 300 kilometres west of Prince George. The plant produces wood blocks which are the feed material for finger-jointing.
Then in 2004, Brink added a pair of finger-joint manufacturing lines at his operations in Prince George.
Brink’s operations employ about 230 people.
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