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

Woodgrain Closing Pilot Rock, Oregon Sawmill

Woodgrain Inc. filed a WARN notice to Oregon state officials July 1 notifying them that the company was permanently closing its Pilot Rock sawmill, on or after Sept. 1, 2025. The company is consolidating operations…

U.S. Lumber Coalition Questions NAHB

The U.S. Lumber Coalition has gone on the offensive against the National Assn. of Home Builders (NAHB). “NAHB’s unyielding support for the Canadian softwood lumber industry, which benefits from dozens of unfair subsidies and dumps…

Hood Industries To Modernize Waynesboro Operation

Hood Industries, Inc. is pleased to announce a major brownfield expansion to the existing facility in Waynesboro, Miss. This strategic $245 million upgrade will enhance the facility’s capabilities and was made possible through strong support…

« 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