The BC Court of Appeal has approved the sale of C & C Wood Products in Quesnel.
That paves the way for Quesnel Investment Corporation to purchase the specialty mill as well as Westside Logging.
According to the PricewaterhouseCoopers website, the court-appointed receiver of the mill that was recommending that the court accept the bid, the non-license asset purchase agreement is expected to close within 5 business days and the license asset purchase agreement is expected to close by October 31st.
The Court also granted an order which approved the sealing of the confidential supplement to the First Report.
C&C Wood Products filed for bankruptcy back on June 2nd and halted operations on May 29th.
The mill employed 114 people at the time, not including the logging operation.
– with files from George Henderson, MyCaribooNow.com
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