Canfor Corporation has completed the purchase agreement for the operating assets of Beadles and Balfour Lumber Companies. The transaction includes two sawmills located in Thomasville and Moultrie, Georgia and is structured with 55% being acquired upon completion of the agreement and the balance after a two year period.

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Canfor completes phased purchase agreement of Beadles and Balfour Lumber Companies

Jan 05, 2015. /Lesprom Network/. Canfor Corporation has completed the purchase agreement for the operating assets of Beadles and Balfour Lumber Companies. The transaction includes two sawmills located in Thomasville and Moultrie, Georgia and is structured with 55% being acquired upon completion of the agreement and the balance after a two year period, as the company said in the press release received by Lesprom Network.

"The Beadles and Balfour sawmills are strong performing assets located in an area with a high-quality and sustainable supply of fibre," said Canfor President and CEO Don Kayne. "We are looking forward to working with the management teams at Balfour and Beadles to continue to produce high-quality southern yellow pine lumber."

Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with operations in BC, Alberta, North and South Carolina and Alabama. Canfor produces primarily softwood lumber, and also produces bleached chemi-thermo-mechanical pulp and specialized wood products.