The deal, which still needs to be ratified by shareholders, would see Pattison's Great Pacific Capital Corp. offer up $16 per share.

Tolko’s mill in Kelowna is one of numerous operations throughout B.C. hard hit by the forestry industry’s recent struggles.

The company's website stating it is cutting lumber production at its mills in Armstrong and Williams lake by 20 per cent.

The B.C. government is funding measures to support British Columbia forest workers impacted by mill closures but critics says it's taken too long to respond.

The BC Council of Forest Industries (COFI) has laid out 60 ideas as part of a plan to revitalize the province's forestry sector.

The Vancouver-based company says the closure is part of a reorganization of its forestry and woodlands operations amid tight supplies of logs for processing.