Forest Products Industry
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Mirax Group to Acquire Avalon Dryland Sort in Port Mellon, BC
Mirax Group has announced that it has reached an agreement to acquire Interfor Corporation’s Avalon Dryland Log Sort (“Avalon”) assets located in Port Mellon, BC, and will operate through a wholly-owned affiliated company, Avalon Log Sort Inc. Pursuant to the Agreement, Mirax Group will acquire all real property assets of Avalon and will retain all employees.
Avalon is situated on an approximately 14-acres of fully-paved waterfront land in Port Mellon, BC, which includes approximately 55-acres of foreshore leases for log handling, booming and tie-ups. The acquisition of Avalon will provide another asset that would enable the Mirax Group to fulfill its goal of becoming a more vertically integrated forest company. Avalon will be operated as a fully custom dryland log sort and will welcome volume from other timber companies and brokers as well as Mirax’s own volume for its sawmill division on the Sunshine Coast. Having already established operations on the Sunshine Coast, this purchase will complement our recent acquisition of forested waterfront and booming grounds at Gambier Island, adjacent to Avalon.
“We are very excited with the addition of Avalon to our family. This purchase expands our existing presence on the Sunshine Coast and we look forward to welcoming Avalon’s employees to our organization.” – Jas Binning, CEO, Mirax Group.
The completion of the transaction is subject to customary conditions and is expected to close in the beginning of third quarter in 2022.
ABOUT MIRAX GROUP
The Mirax Group is a privately owned family-based company founded in 1997 and has grown to over 500 employees throughout British Columbia with operations expanding to Forestry, Lumber Manufacturing, Lumber value-added operations and Marketing, Agriculture, Real Estate and Development, and Hospitality. Our organization is about creating new relationships and our communities prospering, creating local jobs and local economic benefit, and strategic partnerships.
Media Contact Parm Binning, VP of Business Development parm@miraxgroup.ca
Bill Waugh, VP of Forestry, Log Supply (604) 807-6844 (604) 813-0779 Bill@miraxgroup.ca
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New Global Partnership Announced At World Forestry Congress
As governments around the world turn to the benefits of sustainable forest management and forest products to support climate action and post-pandemic economic recovery, a new agreement struck recently at the World Forestry Congress in Seoul will help advance forestry solutions and policy dialogue around the world – The United Nations Forum on Forests (UNFF) Secretariat and the International Council of Forest and Paper Associations (ICFPA) announced a new partnership that will make ICFPA the focal of the forest sector globally, providing a framework for the two organizations to work together to discuss and implement forest-related policies and agreements that are good for people and the planet.
“The United Nations Strategic Plan for Forests 2017-2030 calls for a world where forests are sustainably managed, contribute to sustainable development, and provide economic, social, environmental, and cultural benefits for present and future generations. An estimated 1.6 billion people, or 25% of the global population, rely on forests for their subsistence needs, livelihoods, employment, and income. The private sector is fundamental in the promotion and implementation of sustainable forest management, so working with our partners in the forest industry will be critical to our ultimate success and we are delighted to have ICFPA supporting the UN Forum on Forests in this important work,” says Barbara Tavora-Jainchill, Programme Management Officer, Forest Affairs for the United Nations Forum on Forests Secretariat.
“There is no path to a lower carbon economy without sustainable forest management and sustainably sourced forest products. This new collaboration between ICFPA and UNFF will allow us to advance policy insights and learnings across international borders to build a resilient global economy – one that creates greater economic and social opportunities for the nearly 2 billion people who live in or near forested communities around the globe,” says Derek Nighbor, President, International Council of Forest and Paper Associations.
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