Business
VIDA to acquire Sawmill in Ingarp, Sweden
VIDA to acquire Sawmill in Ingarp, Sweden Canada NewsWire VANCOUVER, BC ...
About this update from Canfor Corporation
[{"type":"text","content":"\n \n \n \n VIDA to acquire Sawmill in Ingarp, Sweden\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 Sept. 25, 2023\n \n \n /CNW/ - VIDA AB, owned 70% by Canfor Corporation (TSX: CFP), announces it will acquire a 50 million board foot sawmill from Ingarp Träskydd for\n \n 50 million SEK\n \n (\n \n CAD$6.0 million\n \n ). The sawmill has the potential for expansion to 100 million board feet and the transaction is expected to close on\n \n October 3, 2023\n \n . The strategic acquisition marks a continued investment in the area around Vida's sawmills in Hjältevad and Vimmerby.\n \n \n \n \n \n \n \n \n \n \n Forward Looking Statements\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\", \"projects\", \"intends\", \"plans\", \"will\", \"believes\", \"seeks\", \"estimates\", \"should\", \"may\", \"could\", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law.\n \n \n \n About Canfor Corporation\n \n \n Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly he...