Sinclar Group Now Has Full Control of Four Vanderhoof Operations
Vanderhoof, B.C.-The Sinclar Group Forest Products has assumed management of Nechako Lumber, Nechako Green Energy, L&M Lumber and Premium Pellets of Vanderhoof.
The change comes as Robert Stewart Holdings and Ivan Andersen Holdings have doubled their ownership stake in the four companies to 100%.
“The Andersen and Stewart families have been involved with Nechako and L&M for almost half a century, and we appreciate the partnership we have had with the local owners over that time,” said Greg Stewart, President of Sinclar Group. “However, ownership changes such as this are part of the evolution of companies.”
Sinclar Group does not expect to make major changes at the Vanderhoof operations, and the community should not notice any changes in the way the company does business in the community, said Stewart.
“We plan to be a part of the Vanderhoof community for years to come, and we look forward to continuing to produce the quality lumber and residual products these mills have been known for.”
Nechako and L&M together produce approximately 220 million board feet of lumber per year. Nechako Green Energy produces 2MW of electricity from the residual heat generated on site. Premium Pellets uses residuals from the local lumber industry to produce 180,000 metric tonnes of wood pellets per year.