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Kenora Forest Products for sale after owner files for bankruptcy

The parent company owes millions to the federal and Ontario governments.
Kenora forest products summer
Kenora Forest Products' suspension of operations in September, 2019, affected over 100 workers (Tbnewswatch file)

KENORA, Ont. — Kenora Forest Products is for sale as a result of parent company Prendiville Industries of Winnipeg filing for bankruptcy earlier this month.

The sawmill was shut down in September, affecting the jobs of about 115 workers, with the company citing a weak market for lumber and a 20 per cent duty deposit on softwood exports to the United States, where it shipped 90 per cent of its output.

Prendiville had operated the mill since 1994.

A court filing shows it owes nearly $29 million, including $13.7 million to a bank, $3 million to FedNor, $2.5 million to the Northern Ontario Heritage Fund Corporation, and $1.9 million to the Ontario Ministry of Finance.

Offers to purchase the mill must be submitted by Feb. 14, 2020.

 

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