Another B.C. sawmill company has filed for creditor protection and is planning a restructuring, underscoring the critical state of B.C.’s forest sector.
The San Group, based in Langley, has received creditor protection under the Companies’ Creditors Arrangement Act, as it undertakes a restructuring. Deloitte Restructuring Inc. has been appointed the company’s monitor.
Earlier this year, another B.C. company, Teal Jones, also filed for creditor protection.
San Group owns sawmills and a specialty mill in Port Alberni, and a remanufacturing facility in Langley.
In 2022, San Group announced the acquisition of Acorn Forest Products in Delta from Interfor (TSX:IFP). In April this year, the Acorn Forest Products mill was shut down
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