Canfor Completes Acquisition of El Dorado, AR, Sawmill From Resolute

On Friday, Canfor Corporation announced the completion of the acquisition from Arkansas Resolute El Dorado Inc. of its lumber manufacturing facility in Union County, Arkansas. The transaction, previously announced on May 1st, is a strategic complement to the company’s existing regional operations, including its adjacent El Dorado Laminating Plant and its nearby Urbana sawmill.

Renamed as the Iron Mountain sawmill, this acquisition will create operational synergies with Canfor’s existing facilities, provide vertical integration opportunities with its two glulam plants, and build further capacity near customers and markets in the US South, Canfor said.

In a statement accompanying the announcement, Canfor Southern Pine President Lee Goodloe said:

“The acquisition, together with the intended investment and expansion in the mill, is a strategic opportunity for us. As a growth-oriented forest products company, we see this as an opportunity to expand the depth and breadth of our manufacturing capabilities in Arkansas’ rich, high-quality wood basket and to provide our customers with a more comprehensive product offering.

We warmly welcome our new Iron Mountain employees to Canfor. We also look forward to growing on our local engagement and to strengthening our relationships with the El Dorado community and all of Iron Mountain’s valued partners, suppliers and customers.”