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

APA Names New Director Of Quality Services

Charles Hartke has joined APA—The Engineered Wood Assn. as director of the Quality Services Division. Hartke will oversee APA’s accredited certification programs, auditing and inspection of member products, and the staff who convey standards…

Andy O’Hare Named New CPA President

The Composite Panel Assn. (CPA) has announced the hiring of Andy O’Hare as the new President beginning August 3, 2020. Andy has over 25 years of diverse association management experience and comes to CPA from The Fertilizer Institute (TFI)…

SmartLam Teams With RedBuilt

SmartLam North America and RedBuilt announced a partnership to supply cross-laminated timber (CLT) products and solutions to architects, engineers and contractors for projects using the mass timber building technology…

Idaho Veneer Closes Doors

Longtime independent veneer producer Idaho Veneer Co. in Post Falls, Id. has closed its doors, as the family ownership decided to sell the mill property, which has slowly “moved” from outside of town to the middle of town as the area has grown…

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!