Fonds Valorisation Bois invests in lumber manufacturer Groupe Lebel
Fonds Valorisation Bois LP, a forestry investment fund managed by the Fonds de solidarité des travailleurs du Québec FTQ, has made an investment in Groupe Lebel Inc. The financial details of the deal were not disclosed. Groupe Lebel is a vertically-integrated lumber manufacturer with five sawmills and eight value-added production plants, and has its headquarters in Rivière-du-Loup, Québec. Funding proceeds will be used to facilitate the company's expansion and consolidation following its Jan. 2014 acquisition of Lachine, Québec-based wood processor Groupe Cambium Inc. Formed in 2012, the $170 million Fonds Valorisation Bois invests in high value-added secondary and tertiary processing projects in the forest products sector.
26 February 2014•3 mins read
