Canfor’s Vida Group Buys Sweden Mills

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

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.

Latest News

NHLA Applauds U.S. Trade Ruling on Hardwood Plywood Imports From China, Indonesia and Vietnam

The National Hardwood Lumber Assn. (NHLA) is applauding a U.S. International Trade Commissionruling that clears the way for new trade duties on hardwood and decorative plywood imported from China, Indonesia and Vietnam. On August 19,…

West Fraser Second Quarter Earnings Show Mixed Outlook

West Fraser offered a range of outlooks in its second quarter earnings report. It noted that over the medium term, improvements in housing affordability supported by U.S. government policy changes and the expected normalization of…

Great Lakes Mass Timber Collaborative Awarded Wood Innovation Grant

A new U.S. Forest Service wood innovation grant will enable Dovetail Partners, MassTimber@MSU (Michigan State University), and Team Pennsylvania to accelerate the next phase of the Great Lakes Mass Timber Collaborative (GLMTC). The multi‑state effort…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

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.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us