{"id":76783,"date":"2018-11-20T10:40:31","date_gmt":"2018-11-20T10:40:31","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/canfor-buys-70-swedish-sawmill-company-vida\/"},"modified":"2025-09-19T08:49:29","modified_gmt":"2025-09-19T08:49:29","slug":"canfor-buys-70-swedish-sawmill-company-vida","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/canfor-buys-70-swedish-sawmill-company-vida\/","title":{"rendered":"Canfor buys 70% of Swedish sawmill company VIDA"},"content":{"rendered":"
\n

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.<\/em><\/p>\n

\u201cWith the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global customers,\u201d said Don Kayne, President and Chief Executive Officer of Canfor. \u201cThis transformational growth will allow Canfor to further diversify and secure a worldwide fibre supply to meet the growing demand of our customers for high-quality wood products.\u201d VIDA is Sweden\u2019s largest privately owned sawmill company, operating nine sawmills in southern Sweden with an annual production capacity of 1.1 billion board feet. All of the sawmills produce spruce and pine products, and are strategically located in high quality and sustainable fibre regions of Sweden. In addition, VIDA has nine value-added facilities that include premium packaging, modular housing, industrial products and energy.<\/p>\n

\u201cVIDA, a well-known brand in its current markets, is aligned with our corporate strategy of producing high-value products, providing an exceptional customer service experience and maintaining a low cost structure,\u201d added Kayne. \u201cWe are excited that Santhe Dahl, Group CEO and M\u00e5ns Johansson, Deputy CEO, of VIDA will continue to lead the company operations in Sweden. We welcome VIDA\u2019s skilled management team, talented employees and modern operations to our Company.\u201d<\/p>\n

\u201cWe have known Canfor for a long time as a high-quality manufacturer and provider of wood product solutions. We are proud to announce that we are now becoming part of a global operation together with Canfor. This will allow us to continue to strengthen and develop the VIDA brand on a global scale,\u201d said Santhe Dahl, Chief Executive Officer, VIDA Group.<\/p>\n

In conjunction with the Elliott Sawmilling Company Inc. acquisition announced last week, this acquisition is a positive step forward in our diversification strategy for our operations, products and customers. After taking into account the full impact of VIDA and Elliott, Canfor\u2019s annual production capacity will be approximately 7.2 billion board feet, with a highly diversified operating base in western Canada, the U.S. and Europe. The purchase price represents a 5.7 times EBITDA multiple based on VIDA\u2019s 2018 projected EBITDA of approximately CAD$145 million, before taking account of estimated annual synergies of CAD$20 million, projected to be achieved through marketing opportunities arising from the increased global scale of our business.<\/p>\n

The transaction is expected to close in the first quarter of 2019 and is subject to due diligence, completion of certain transaction documents and other customary closing conditions, including any required regulatory approvals.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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 … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3289,3299,3383,3328,4007],"class_list":["post-76783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-canfor","tag-europe","tag-sawmill","tag-sweden","tag-vida","topic-forestry","topic-pulp-paper","topic-sawmilling","area-europe","area-north-america"],"acf":[],"yoast_head":"\nCanfor buys 70% of Swedish sawmill company VIDA<\/title>\n<meta name=\"description\" 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