The town and mill were bought by the Canadian International Paper Company in 1925. In 1973, when the company decided to close the mill, the employees formed Tembec to take over the operation of the mill. Today, Tembec is a leading Canadian integrated forest products company characterized by its vision statement - "A company of people building their own future". This vision represents an attitude and commitment, and expresses the fundamental values determined by the Company’s origin.
Tembec is a leading integrated forest products company, with operations in North America and France. With sales of approximately $3.5 billion and some 8,000 employees, it operates 50 market pulp, paper and wood product manufacturing units, and produces silvichemicals from by-products of its pulping process and specialty chemicals. Tembec markets its products worldwide and has sales offices in Canada, the United States, the United Kingdom, Switzerland, China, Korea, Japan, and Chile. The Company also manages forest lands in four Canadian provinces in accordance with sustainable development principles and has committed to obtaining Forest Stewardship Council (FSC) certification for all forests under its care.