Aug 12, 2013. /Lesprom Network/. Canfor has completed the purchase agreement with Scotch & Gulf Lumber, LLC. The purchase agreement reflects the acquisition of Scotch Gulf Lumber over a three year period with the first phase representing a 25% interest, as the company said in the press release received by Lesprom Network.

Don Kayne, Canfor's President and CEO said, "Scotch Gulf Lumber is a strong high performing organization and will contribute to the overall strength of our Company. We look forward to working with the Scotch Gulf management team."

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