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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
June 3, 2019

Canfor completes first phase acquisition of Elliott Sawmilling

Canfor completes first phase acquisition of Elliott Sawmilling
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 ...

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