LEWISTON, Idaho (AP) -- The sale of Clearwater Paper's mill in Lewiston to a Coeur d'Alene company is officially complete.
Idaho Forest Group announced that the deal valued at about $30 million was done last week, but announced it publicly Monday.
IFG officials say they hope to have the mill running Dec. 14 and employ about 120 workers, about half the amount employed by Clearwater Paper.
As part of the transaction, The Lewiston Tribune reports (http://bit.ly/tjNBaBIFG ) that IFG acquires the planer mill and dry kiln in Lewiston, as well as inventories of logs, finished goods and timber under contract by Clearwater Paper.
IFG officials expect the transaction to strengthen the company's position in the lumber market. IFG operates four mills in Idaho and was the nation's seventh biggest lumber producer before the purchase.
Copyright 2011 The AP.