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June 18, 2020
Canfor continues expansion in Europe: subsidiary makes sawmill acquisitions
Canfor Corporation reported that its 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills in Sweden. Vida Group, also based in Sweden, is purchasing the mills from Bergs Timber for 43 million Canadian dollars (US$31.8 million) along with working capital. “We are excited that Vida’s strong performance and balance sheet has enabled them to grow their operating footprint in Sweden,” said Don Kayne, president and CEO of Canfor. The three mills, which are located in Vimmerby, Mörlunda and Orrefors ...
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