The Balfour and Beadles mills produce quality southern yellow pine lumber and the operations have a combined capacity of 210 million board feet after reflecting planned near term capital. The purchase is structured with 55% being acquired in January 2015 and the balance after a two year period.
"The Balfour and Beadles sawmills are strong high performing assets in a supply area of sustainable and quality fibre," said Canfor Corporation President and CEO Don Kayne. "These mills and the management team in Georgia will contribute to the strength of Canfor."
The transaction is subject to standard closing conditions.
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.
