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Canfor closes Arkansas acquisition, welcomes new Iron Mountain employees.
Canfor closes Arkansas acquisition, welcomes new Iron Mountain employees. Canada NewsWi...
About this update from Canfor Corporation
[{"type":"text","content":"\n\n\n\n Canfor closes Arkansas acquisition, welcomes new Iron Mountain employees.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 1, 2024\n \n\n /CNW/ - Canfor Corporation (TSX: CFP) is pleased to announce the completion of the acquisition from Arkansas Resolute El Dorado Inc., of its lumber manufacturing facility in\n \n Union County, Arkansas\n \n . The transaction, previously announced on\n \n May 1, 2024\n \n , is a strategic complement to the Company's existing regional operations, including its adjacent El Dorado Laminating Plant and its nearby Urbana sawmill.\n \n\n\n\n\n\n\n\n\n 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.\n \n\n \"The acquisition, together with the intended investment and expansion in the mill, is a strategic opportunity for us,\" said\n \n Lee Goodloe\n \n , President, Canfor Southern Pine. \"As a growth-oriented forest products company, we see this as an opportunity to expand the depth and breadth of our manufacturing capabilities in\n \n Arkansas'\n \n rich, high-quality wood basket and to provide our customers with a more comprehensive product offering.\"\n \n\n \"We warmly welcome our new Iron Mountain employees to Canfor,\" Goodloe remarked, adding that \"we also look forward to growing on our local engagement and to strengthening our relationships with the\n \n El Dorado\n \n community and all of Iron Mountain's valued partners, suppliers and customers.\"\n \n\n\n Forward-looking statements.\n \n\n\n Certain statements in this press release constitute \"forward-looking statements\" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as \"expects\", \"anticipates\", \"projec...