Canfor’s Vida to acquire sawmill in Sweden

Vida AB, owned 70% by Canfor Corporation, will acquire a 50 million board feet 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, said Canfor in a statement. In May 2023, Vida announced the completion of a major investment program at the Borgsten sawmill, which resulted in an increase in production by approximately ...