VANCOUVER, BC, Sept. 25,
2023 /CNW/ - VIDA AB, owned 70% by Canfor Corporation
(TSX: CFP), announces it will acquire a 50 million board foot
sawmill from Ingarp Träskydd for 50 million
SEK (CAD$6.0 million). The
sawmill has the potential for expansion to 100 million board feet
and the transaction is expected to close on October 3, 2023. The strategic acquisition marks
a continued investment in the area around Vida's sawmills in
Hjältevad and Vimmerby.
Forward Looking Statements
Certain statements in this
press release constitute "forward-looking statements" which involve
known and unknown risks, uncertainties and other factors that may
cause actual results to be materially different from any future
results, performance or achievements expressed or implied by such
statements. Words such as "expects", "anticipates", "projects",
"intends", "plans", "will", "believes", "seeks", "estimates",
"should", "may", "could", and variations of such words and similar
expressions are intended to identify such forward-looking
statements. These statements are based on management's current
expectations and beliefs and actual events or results may differ
materially. There are many factors that could cause such actual
events or results expressed or implied by such forward-looking
statements to differ materially from any future results expressed
or implied by such statements. Forward-looking statements are based
on current expectations and Canfor assumes no obligation to update
such information to reflect later events or developments, except as
required by law.
About Canfor Corporation
Canfor is a global leader in
the manufacturing of high-value low-carbon forest products
including dimension and specialty lumber, engineered wood products,
pulp and paper, wood pellets and green energy. Proudly
headquartered in Vancouver, British
Columbia, Canfor produces renewable products from
sustainably managed forests, at more than 55 facilities across its
diversified operating platform in Canada, the United
States and Europe. The
Company has a 70% stake in Vida AB, Sweden's largest privately owned sawmill
company and also owns a 54.8% interest in Canfor Pulp Products Inc.
Canfor shares are traded on The Toronto Stock Exchange under the
symbol CFP. For more information visit canfor.com.
SOURCE Canadian Forest Products Ltd.