Friday, December 2, 2016 11:15 am

TACOMA, Washington -- Interfor Corporation has completed the final step in the monetization of its former sawmill in Tacoma, Washington, with the closing of the sale of the Tacoma sawmill property for gross proceeds of $32.4 million.

Net cash proceeds from the sale of the property are estimated to be $21 million after taking into account transaction costs, potential post-closing adjustments and the $10 million payment to be made to Simpson Lumber Company.

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Join Jim Thompson on the 2nd Annual Papermakers Mission Trip to Guatemala, 22 - 29 July 17. Build houses, talk about the pulp and paper industry. For more information, email jthompson@taii.com with "Guatemala" in the subject line.