Competition Bureau
ToolsRelated topicsResourcesBureau resolves competition issues in forestry mergerOTTAWA, April 1, 2004 — The Competition Bureau has filed a consent agreement with the Competition Tribunal resolving competition concerns arising from Canfor Corporation's acquisition of Slocan Forest Products Ltd. The agreement includes the requirement that Canfor, the largest softwood lumber producer in Canada, divest its Fort St. James sawmill, located near Prince George, British Columbia. "This transaction would have resulted in less choice for log sellers, wood re-manufacturers and wood-chip sellers," said Robert Lancop, Assistant Deputy Commissioner of Competition. "This resolution preserves competition in Prince George for log buying, lumber supply to re-manufacturers and the sale and supply of wood chips." After a thorough review of the proposed transaction, the Bureau concluded that it would likely result in a substantial lessening of competition in the Prince George area of British Columbia. "The Competition Bureau is committed to ensuring that small and medium sized enterprises have an equitable opportunity to compete and participate in the economy," said Mr. Lancop. The Consent Agreement provides that if Canfor is unable to divest the Fort St. James sawmill, a trustee will be appointed to complete the sale process. The Competition Bureau is an independent law enforcement agency that promotes and maintains fair competition so that all Canadians can benefit from competitive prices, product choice and quality service. It oversees the application of the Competition Act, the Consumer Packaging and Labelling Act, the Textile Labelling Act and the Precious Metals Marking Act. For media enquiries, please contact:Eric Glaude For general enquiries, please contact:Information Centre
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Created: 2004-04-01 Updated: 2005-04-13 |
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