North Island Chipping Ltd.
Atli Chip Limited Partnership has acquired North Island Chipping Ltd.
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Atli Chip Limited Partnership has acquired North Island Chipping Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to North Island Chipping Ltd. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of North Island Chipping Inc. (North Island Chipping) to implement their succession strategy while ensuring the continued success of their business under new ownership.
North Island Chipping is a chipping plant located in Beaver Cove, B.C., on the traditional territory of the ‘Namgis First Nation, that produces wood chips for use in the pulp and paper industry.
Atli Chip LP (Atli Chip) is majority owned by Atli Resources LP, a forestry company beneficially owned by the ‘Namgis First Nation. With the acquisition of North Island Chipping, Atli Chip can meet the growing needs of the pulp and paper industry and further contribute to the long-term economic growth and environmental benefits for the ‘Namgis People and the North Island as a whole.