Tolko Industries is selling its Ashcroft wood-treatment facility to Koppers Inc., a U.S. producer, after a review of its product mix.
Ashcroft Treating produces railway ties, bridge timbers and crossing planks. The plant employs 28 people.
“Ashcroft has been a strong performer in our asset mix since 2004,” Brad Thorlakson, president and CEO of family-owned Tolko, said in a news release. “However, we have decided to focus our efforts on our wood products and paper operations moving forward.”
The sale to Koppers, a globally integrated producer of carbon compounds and treated wood products, is expected to close within 30 days.
Thorlakson said Tolko is working with the new owner to ensure smooth transfer of the business. He assured plant workers that their employment will continue and that the transition will be seamless.
At mills across the Interior, including at Heffley Creek, Tolko manufactures lumber, unbleached kraft papers, panel products, biomass power and specialty wood products.