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April 28, 2015 12:38 AM ET

Paper and Forest Products

Company Overview of Interfor Corporation

Company Overview

Interfor Corporation, together with its subsidiaries, produces wood products. The company offers commodity structural lumber products; and specialty products, such as exterior decking and siding products, machine stress rated products, industrial timber products, and appearance grade items. It is also involved in the purchase and sale of logs that are unsuitable for cutting or in excess of its manufacturing requirements. In addition, the company provides lumber by-products, including wood chips and other residuals. The company sells its products in Canada, the United States, China/Taiwan, Japan, and internationally. The company was formerly known as International Forest Products Limited and ...

Bentall Tower Four

Suite 3500

1055 Dunsmuir Street

PO Box 49114

Vancouver, BC V7X 1H7

Canada

Founded in 1963

2,582 Employees

Phone:

604-689-6800

Fax:

604-688-0313

Key Executives for Interfor Corporation

Chief Executive Officer, President and Director
Age: 63
Total Annual Compensation: $729.2K
Chief Financial Officer, Executive Vice President and Company Secretary
Total Annual Compensation: $489.6K
Senior Vice President of US Southeast Operations
Total Annual Compensation: $369.3K
Senior Vice President of US Northwest Operations
Age: 44
Total Annual Compensation: $345.6K
Senior Vice President of Canadian Operations
Total Annual Compensation: $247.5K
Compensation as of Fiscal Year 2014.

Interfor Corporation Key Developments

Interfor Corporation to Propose Adoption of New Form of Articles

Interfor Corporation will propose adoption of a new form of Articles, which such Articles are intended to simplify and modernize the company's existing Articles at the AGM to be held on April 30, 2015.

Interfor Corporation Announces Board Changes

Interfor Corporation announced that it has appointed Bart Bender as Senior Vice President, Sales & Marketing, effective April 1, 2015. Bender has 20 years of experience in the wood products business. He has held senior sales positions including General Manager and Vice President at Ainsworth Engineered Canada LP where he led world-wide sales, marketing and logistics efforts. He is currently Senior Vice President, Operations at Ainsworth. Bender replaces Steven Hofer who was recently appointed Senior Vice President, US Northwest Operations, to lead the company's growing presence in that region.

Interfor Announces Additional Long-Term Debt Financing with Prudential Capital

Interfor Corporation announced it has priced a $100 million long-term debt financing with Prudential Capital Group. The senior secured notes will carry an annual interest rate of 4.17% and have a final maturity in 2026. The financing is expected to close on March 16th and the proceeds will be used to reduce the drawings under the company’s bank credit facilities. As previously disclosed, the company expects to close the acquisition of four sawmills from Simpson Lumber Company, LLC on March 1st, with a portion of the acquisition price initially financed from funds currently available under its existing bank credit facilities.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 17, 2014
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