Canfor’s Vida Group Buys Sweden Mills
Canfor Corp. executives announced in mid June that Canfor’s 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for $43 million (Can.), plus working capital. The transaction is expected to close in the third quarter of 2020.
The mills, in Vimmerby, Mörlunda and Orrefors, Sweden, add approximately 215MMBF to Vida’s annual capacity. According to a company release, after the acquisition, Sweden will represent 22% of Canfor’s global operating platforms, plus 43% in British Columbia, 31% in the Southern U.S. and 4% in Alberta.
The release added that following downtime related to the coronavirus pandemic, Vida is now operating at full capacity, and Canfor’s North America sawmills are operating at almost full capacity as of June 18, 2020.
RELATED ARTICLES
Canfor Plans New Sawmill In Louisiana
No-Go On Proposed Purchase Of Canfor
Latest News
TP&EE Showcase 2020: Coming September 30-October 2
Open only to would have been exhibiting advertisers of TP&EE 2020, the Showcase is an exciting opportunity to bridge the gap between the…
New Barko Hydraulics Dealer: Ozark Machinery
Barko Hydraulics (Barko) has announced a new dealer for the sales and support of Barko’s full line of forestry equipment covering the state of Missouri, Ozark Machinery Co. (Ozark Machinery) in West Plains, Mo…
U.S. South Leads Lumber Production
Western Wood Products Assn. reported that U.S. softwood lumber production was 35.165 billion SF in 2019, including 19.365 billion BF produced in the South and 14.254 billion BF produced in the West…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.