Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
January 6, 2020
Resolute Forest acquires Conifex Timber’s 3 U.S. sawmills
Resolute Forest Products Inc. announced it will acquire Conifex Timber Inc. 's three U.S. sawmills for $163 million, plus net working capital at closing, currently estimated at $7 million. The three sawmills have a combined production capacity of 550 million board feet and are located in Cross City, Florida, and Glenwood and El Dorado, Arkansas. News of the acquisition was announced Dec. 24. The transaction is subject to regulatory approvals and customary conditions and is expected to close in the first quarter of 2020. Resolute said it intends to finance the acquisition with its existing ...
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