Canfor Corporation announced that it has completed the first phase purchase of 49% of Elliott Sawmilling Co. Inc announced on November 9, 2018. According to the announcement, the balance will be acquired in one year. Elliott Sawmilling has a production capacity in excess of 210 million board feet and the sawmill consists of both large and small log lines. The purchase price of US$110 million represents a 4.3 times EBITDA multiple based on Elliott’s twelve months trailing EBITDA. The transaction will be completed in two ...
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