Canfor Corporation purchases the operating assets of Southern Lumber Company, Inc. The acquisition includes a sawmill located in Hermanville, Mississippi, which is a large log southern yellow pine dimension mill manufacturing predominately long, wide width lumber. The purchase price excluding working capital is $48.7 million (USD) and the completion of the transaction is expected at the end of the 1Q 2015 and is subject to customary closing conditions.
Canfor purchases mill from Southern Lumber Company
Oct 01, 2014. /Lesprom Network/. Canfor Corporation purchases the operating assets of Southern Lumber Company, Inc. The acquisition includes a sawmill located in Hermanville, Mississippi, which is a large log southern yellow pine dimension mill manufacturing predominately long, wide width lumber. The sawmill is in an area of exceptionally high quality fibre and is well suited for higher value product lines. After reflecting near term capital, the operation has a capacity of 90 million board feet, as the company said in the press release received by Lesprom Network.The purchase price excluding working capital is $48.7 million (USD) and the completion of the transaction is expected at the end of the 1Q 2015 and is subject to customary closing conditions."The Southern Lumber sawmill is a top quartile margin business located in an excellent fibre supply area that will provide us with additional higher value opportunities for our global markets," said Canfor Corporation President and CEO Don Kayne. "This, together with an excellent management team, will continue to ensure Canfor's ongoing commitment to our customers."Canfor is a leading integrated forest products company based in Vancouver, British Columbia. Canfor produces primarily softwood lumber, and also produces bleached chemi-thermo-mechanical pulp and specialized wood products.
