Canfor’s Vida Group Buys Sweden Mills

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376180744-0'); });

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.

 

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548375988914-0'); });

Latest News

Cross-Laminated Timber As A Forest Management Strategy

The state legislature earlier this year called on the Washington State Building Code Council (WSBCC) to adopt rules for cross-laminated timber (CLT) use when building residential and commercial buildings. The move represents ongoing efforts to…

Longtime Boise Cascade Manager Steve Stoler Retires

Steve Stoler will retire from his position as particleboard sales and marketing manager at Boise Cascade this August, marking the end of a 39-year career with the company. From the beginning of his career at…

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });
Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe Now
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.

Complete the form
Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Contact Us