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Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
November 16, 2018

Canfor comes to Europe; acquires 70% of Swedish sawmill company VIDA

Canfor comes to Europe; acquires 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 customers,” said Don Kayne ...

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