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
Wyoming Sawmill, A Town Fixture, Roars Back To Life
Much of the machinery needed replacing, most of the workers needed training and the nearby forest was spattered with more beetle-killed timber than ever before, but the once-dormant Wyoming sawmill at the end of Saratoga’s…
Plum Creek Gives Lumber To Habitat Effort In Montana
A load of lumber Plum Creek Timber Co. is dropping off this afternoon will help volunteers with Habitat for Humanity of Flathead Valley start building two more houses in Columbia Falls, Montana. The company is…
UK’s Wood First Plus Tool Will Support Use Of Timber In Construction
Work has begun to create a free online information hub containing all of the environmental and design data necessary for project managers, designers and architects to specify timber as a first choice material. The hub…
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.