News in lumber


Canfor Completes Purchase of Millar Western Forest Products Ltd.’s Solid Wood Operations

Canfor Corporation announced today (3-1-22) that it has finalized and completed the purchase of Millar Western Forest Product Ltd.’s solid wood operations, which was originally announced on December 16, 2021. Don Kayne, President and CEO, Canfor said, “We are very excited to welcome the employees at the Whitecourt, Fox Creek, and Spruceland facilities to the Canfor team.”

Canfor to Sell Mackenzie Assets for $70 Million

Canfor Corporation on Thursday (2-24-22) announced that it has entered into a Letter of Intent with McLeod Lake Indian Band and Tsay Keh Dene Nation to sell its forest tenure in the Mackenzie region of British Columbia and in a separate agreement with Peak Renewables to sell its Mackenzie site, plant, and equipment for a combined price of $70 million (CAD).