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Article: Masonite International Corporation Invests In Sacopan Inc.
- Article from:
- Business Wire
- Article date:
- December 9, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
TORONTO--(BUSINESS WIRE)--Dec. 9, 2002
Masonite International Corporation (NYSE:MHM) (TSX:MHM) announced today that it has purchased newly issued shares of Sacopan Inc. for approximately U.S.$9 million to hold a 50% interest in the company.
Sacopan is located in Sacre-Coeur, Quebec and is now owned 50% by Masonite, 25% by SGF Rexfor Inc. and 25% by Boisaco Inc. Sacopan will remain an autonomous and independent entity.
SGF Rexfor is a subsidiary of Societe generale de financement du Quebec whose mission consists in carrying out economic development projects in cooperation with various partners and under normal ...