Vida Purchases Swedish Sawmill
VIDA AB plans to acquire a 50MMBF sawmill from Ingarp Träskydd for 50 million SEK ($6 million CAD). The sawmill has the potential for expansion to 100MMBF. The acquisition marks a continued investment in the area around Vida’s sawmills in Hjältevad and Vimmerby.
Canfor operates more than 55 facilities across its diversified operating platform in Canada, the U.S. and Europe, including a 70% stake in Vida AB, Sweden’s largest privately owned sawmill company.
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Article by Rich Donnell, Editor-in-Chief, Timber Processing June 2023 – If you didn’t notice it on the cover, your eyes are getting as bad as mine, but yes this is our annual U.S. Sawmill Operations and Capital Expenditure survey report. It doesn’t pretend to be as…
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