AIMCo, BCI, PSP to affiliate TimberWest, Island Timberlands

British Columbia Investment Management Corp (BCI), Public Sector Pension Investment Board (PSP Investments) and Alberta Investment Management Corp (AIMCo) have agreed to affiliate their timber investments. The agreement will see TimberWest Forest Corp and Island Timberlands LP, both Canadian timberland companies, share facilities and services, align best practices and work together to enhance forest stewardship. They will continue to operate independently. BCI and AIMCo have backed Island Timberlands since 2005. BCI and PSP Investments acquired TimberWest in 2011.

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