VANDERHOOF — As of March 22, Nechako Lumber, Nechako Green Energy, L&M Lumber and Premium Pellets are no longer independently owned and managed but have now come under the management of Sinclar Group Forest Products.
Robert Stewart Holdings and Ivan Andersen Holdings now have 100% ownership of the four operations. Previously, the families held a 50% combined ownership stake.
“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 President, Sinclar Group Forest Products Ltd.
“There won’t be any layoffs. It’s business as usual on site” said Cam McAlpine of PRMedia Strategic Communications who is the assigned spokesperson to field quiestions from the public.
Sinclar Group is an integrated forest products company based in Prince George. In addition to the Vanderhoof operations, Sinclar Group also operates Apollo Forest Products in Fort St. James, and Lakeland Mills and Winton Homes in Prince George.