Canfor completes sawmill acquisition in US South

Canfor Corporation announces that it has completed the acquisition of a sawmill in Union County, Arkansas, from Resolute El Dorado, a subsidiary of Domtar Corporation. The company, renamed Iron Mountain, produces lumber and specialty wood products. The acquisition will create operational synergies with Canfor’s existing facilities, provide vertical integration with its two glulam mills, and add additional capacity near key markets in the southern United States. Its integration will capitalize on the Canfor’s regional manufacturing footprint to optimize product portfolio and maximize value. Leveraging Canfor’s experience and expertise, and with an anticipated further $50 million ...