Canfor’s CEO says that the company remains committed to BC, despite recent European acquisition
Canfor has reach an agreement to buy 70 per cent of Vida Group for about $580 million. The privately-held company has nine sawmills in southern Sweden with an annual production capacity of 1.1 billion board feet. The announcement comes about a week after Canfor said it will be buying Elliott Sawmilling Co., Inc., based in South Carolina, for US$110 million, subject to due diligence. In late October, Canfor reported third-quarter earnings of $125.3 million, doubled from the year before despite lower lumber prices. However, the figure was down from ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
Thousands of quality articles
In-depth analyses of market trends
Exclusive market price insights
And much more!
