MONTREAL - Tembec Inc. announced this week that it has closed the sale of its pulp mill and related assets located in Chetwynd, British Columbia to Paper Excellence Canada Holdings Corporation for a nominal amount.

The Mill had been shut down since September 2012. Approximately 80 employees are included in the transaction. Tembec acquired the pulp mill in 2002 from Louisiana-Pacific Canada Pulp Co. and Louisiana-Pacific Ltd.

Tembec is a manufacturer of forest products - lumber, pulp, paper and specialty cellulose - and a global leader in sustainable forest management practices. Principal operations are in Canada and France. Tembec has some 3,500 employees and annual sales of approximately $1.6 billion. Tembec is listed on the TSX (TMB).