Canfor Subsidiary Closes Acquisition of Strategic Assets
Further to Canfor Corporation’s announcement on June 17, 2020, its 70%-owned subsidiary, Vida Group, has completed the purchase of three sawmills located in Sweden from Bergs Timber.
About Canfor Corporation
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 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. For more information visit canfor.com.
Contact:
Pat Elliott – Vice President Corporate Finance & Strategy – Patrick.elliot@canfor.com – (604) 661-5441
Source: Canfor Corporation
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