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.
Latest News
Walmart Home Office Installs Mercer CLT, Glulam
Walmart Home Office Installs Mercer CLT, Glulam Mercer Mass Timber (MMT), a manufacturer of timber building materials and a subsidiary of Mercer...
TimberHP Expects Long-Term Success
TimberHP Expects Long-Term SuccessTimberHP, a Maine-based manufacturer of wood fiber insulation, announced that it has filed a voluntary,...
Boise Cascade Invests $140 Million In Three Facilities
Boise Cascade Invests $140 Million In Three FacilitiesBoise Cascade shared additional details regarding its previously announced $140-million...
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!