Content area
Full Text
International Forest Products Ltd. (Interior) has signed an agreement to sell its helicopter logging operations, which had been conducted by its wholly-owned subsidiary Helifor Industries Ltd., to a Canadian company associated with Columbia Helicopters Inc. of Aurora, OR. The operation was sold for $4 million, plus additional amounts tied to future heli-logging services and working capital. "This transaction is consistent with the strategy of focusing on our core manufacturing businesses," says Duncan Davies, Interior president and ceo. "We are delighted we could make this arrangement with Columbia, with whom we have a long-established and successful relationship."