Canfor’s Subsidiary Vida Completes Acquisition of Sawmills in Central Sweden

On Tuesday, Canfor Corporation said its 77%-owned subsidiary, Vida AB, has completed the acquisition of AB Karl Hedin Sågverk.

The deal, first announced July 22, adds about 230 million board feet to Vida’s annual production capacity, bringing its total to roughly 2.1 billion board feet.

Commenting on the announcement, Susan Yurkovich, President and CEO of Canfor, said:

“We are excited to welcome the employees at AB Karl Hedin Sågverk’s three sawmills in Karbenning, Krylbo, and Säter into the Canfor family. This acquisition strengthens Vida’s geographic footprint, increasing access to high-quality timber resources in Sweden, while continuing to diversify Canfor’s operations globally.”