Canfor Completes First Phase Purchase of Elliott Sawmilling Company Inc.
Canfor Corporation (the “Company”), further to the Company’s news release dated November 9, 2018, announces that it has completed the first phase purchase of 49% of Elliott Sawmilling Co. Inc. (“Elliott”). The balance will be acquired in one year.
Canfor is a leading integrated forest products company based in Vancouver, British Columbia (“BC”) with interests in BC, Alberta, North and South Carolina, Alabama, Georgia, Mississippi and Arkansas, as well as in Sweden with its recent majority acquisition of Vida Group. Canfor produces primarily softwood lumber and also owns a 54.8% interest in Canfor Pulp Products Inc., which is one of the largest global producers of market northern bleached softwood kraft pulp and a leading producer of high performance kraft paper. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP.
Michelle Ward – Director, Corporate Communications – firstname.lastname@example.org – (604) 661-5225
Source: Canfor Corporation