Canfor Corporation has entered into an agreement to purchase Elliott Sawmilling Co., Inc. located in Estill, South Carolina for a purchase price of US$110 million, which includes normalized working capital, company announced.  The purchase price represents a 4.3 times EBITDA multiple based on Elliott’s twelve months trailing EBITDA.  The transaction will be completed in two phases with 49% being acquired on closing and 51% being acquired one year later. Elliott has a production capacity in excess of 210 million board feet and the sawmill consists of both large and small log lines.  ...