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Companies in the timber industry / Daily News / Forestry / Sawmilling / Wood Products / Global / North America
November 12, 2018

Canfor to acquire Elliott Sawmilling in Estill, South Carolina for US$110 million

Canfor to acquire Elliott Sawmilling in Estill, South Carolina for US$110 million
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 ...

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