Canfor subsidiary completes purchase of Swedish sawmills

Canfor’s Swedish subsidiary, Vida Group, has completed a purchase of three sawmills in the Scandanavian country. It follows on a June 17 announcement that Vida entered an agreement to buy the mills for $43 million plus working capital.

Purchased from Bergs Timber, they are located in Vimmerby, Mrlunda and Orrefors, Sweden, and will add about 215 million board feet to Vida’s annual capacity.

Canfor has a 70% stake in Vida Group.