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
Georgia Ports Continues Container Expansion
Georgia Ports Continues Container Expansion googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Georgia Ports Authority approved contracts totaling $65.6 million for container yard work at the Port of Savannah’s Ocean Terminal, a 200-acre facility just downriver from GPA’s…
Hilmer Andersson Goes With Valutec
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Swedish family-owned sawmill company Hilmer Andersson has invested 4 million Euros in wood dryers from Valutec, including a FB continuous kiln and three batch kilns. “Over the years we have developed…
Pyramid Mountain Closing Sawmill
Pyramid Mountain Closing Sawmill Reports in late March indicate that Pyramid Mountain Lumber plans to close its Seeley Lake, Mont. sawmill. Pyramid announced its board of directors and shareholders unanimously voted “with the heaviest of…
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.