Canfor buys 70% of Swedish sawmill company VIDA

Canfor buys 70% of Swedish sawmill company VIDA
    Canfor Corporation announced that it has entered into an agreement to purchase 70% of the VIDA Group of Sweden for a purchase price of 3,990 million Swedish Krona (approximately EUR 388 million) on a cash and debt free basis, which includes CAD$125 million (70%) of normalized working capital. The current owners of VIDA will retain a 30% interest and continue to manage the day-to-day business.    “With the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global ...

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