VIDA AB to Acquire Sawmill in Ingarp, Sweden

VIDA AB, owned 70% by Canfor Corporation, announced on Monday (9-25-23) that it is acquiring a 50 million board foot sawmill from Ingarp Träskydd for 50 million SEK (CAD$6.0 million). The sawmill has the potential for expansion which would increase production to 100 million board feet.

Canfor says the strategic acquisition marks a continued investment in the area around Vida’s sawmills located in Hjältevad and Vimmerby, Sweden.

The transaction is expected to close on October 3rd.