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

Washington CLT: ‘The Greatest Thing Since Sliced Wood’

Cross laminated timber, or CLT, is being touted as a revolutionary and environmentally friendly building material that can support structures reaching 12 stories and potentially higher, and could a game-changing economic factor that timber communities…

Settlement Looks Good For Huber

Huber Engineered Woods LLC (HEW) reports it has “achieved” a negotiated settlement with Georgia-Pacific Wood Products LLC in the patent infringement lawsuit filed by HEW in the United States District Court for the Western District…

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