Canfor Corporation announced that it has completed the first phase purchase of 49% of Elliott Sawmilling Co. Inc announced on November 9, 2018.  According to the announcement, the balance will be acquired in one year.  Elliott Sawmilling has a production capacity in excess of 210 million board feet and the sawmill consists of both large and small log lines.  The purchase price of US$110 million 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 ...