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San Group's Port Alberni holdings sold after bankruptcy
- Fraserview and 037BC purchased Port Alberni industrial sites formerly owned by San Group, including Coulson Mill and a remanufacturing plant, in mid-2025.
- Last year, San Group went bankrupt after scaling back operations at both the Coulson Mill and remanufacturing plant, and it failed to pay taxes owed for 2024 and 2025.
- Fraserview plans to restart operations at Coulson Mill quickly after sale closing and use it as a hub for prefabricated, affordable housing production.
- Fraserview will remit $104,000 in outstanding taxes and an additional $56,000 in licence fees by May 31, 2025, and has committed to offering positions to the unionized workforce.
- The purchases signal investment interest and potential revitalization in the local forest and housing sectors, offering positive prospects after a challenging period.
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