3. Canadian Canfor Corp., country's major saw-timber exporter, intends to purchase Slocan Forest Products Ltd. For $342 million. Canfor Corp. hopes the deal will allow to create Canada’s second largest company exporting saw-timber and one of the major US supplier. The stock capital of the future company will be $2,4 billion, the company will employ 8,1 thousand workers, AP reported.
Canadian Canfor to Buy Slocan Forest Products for 342 $Million
Nov 27, 2003. /Lesprom Network/. Canadian Canfor Corp., country's major saw-timber exporter, intends to purchase Slocan Forest Products Ltd. For $342 million. Canfor Corp. hopes the deal will allow to create Canada’s second largest company exporting saw-timber and one of the major US supplier. The stock capital of the future company will be $2,4 billion, the company will employ 8,1 thousand workers, AP reported.
The newly-founded company will become world’s major timber supplier in the future, Canfor executive-director David Emerson said.
