Content about Public Sector Pension Investment Board

April 13, 2011

TimberWest Forest Corp., Western Canada's largest private timber and land management company, has entered into a purchase agreement with two Canadian pension funds, British Columbia Investment Management Corporation and the Public Sector Pension Investment Board.

TimberWest Forest Corp., Western Canada's largest private timber and land management company, has entered into a purchase agreement with two Canadian pension funds, British Columbia Investment Management Corp. and the Public Sector Pension Investment Board. The purchase price is C$1.03 billion in cash, including assumed debt.

Headquartered in Vancouver, TimberWest owns approximately 808,000 acres of private land and is in the business of selling timber products and real estate. It is traded on the Toronto Stock Exchange under the symbol "TWF.UN."