Interfor Corporation has reached an agreement to sell its Acorn specialty sawmill located near Vancouver, British Columbia, Canada, to an affiliate of San Industries Ltd.
The mill was built in 1963 and was acquired by Interfor in 2001 from Primex Forest Products. The mill specializes in producing lumber squares for the traditional Japanese home market and most of the production is exported to Asia.
The mill has a two-shift rated capacity of approximately 140 million board feet per year, but has been operating on a one-shift basis for many years. The mill produced 56 million board feet of lumber in 2021, representing approximately 2% of Interfor’s total company-wide production in 2021.
The San Group intends to continue operating the mill. The completion of the transaction is subject to customary conditions and is expected to close in the 2Q 2022.
Interfor is a growth-oriented forest products company with operations in Canada and the United States.
