Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global / North America
March 4, 2019
Canfor completes acquisition of major stake in Swedish Vida Group
Canfor has completed its purchase of 70% of the Vida Group. The Vida Group is Sweden’s largest privately-owned sawmill operation with an annual capacity of 1.1. billion board feet per year. This deal includes a purchase price of about 580 million Canadian dollars (US$440 million). Additional assets operated by the Vida Group include 9 additional facilities that produce premium packaging, modular housing, industrial products, and energy. “We are excited to welcome the Vida team to Canfor and we are looking forward to working with Vida to develop our ...
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