Canfor closes VIDA Group of Sweden Acquisition

February 28, 2019

By: The Working Forest Staff

Vancouver, BC,  — Canfor Corporation has announced that it has completed the purchase of 70% of the Vida Group (“VIDA”) of
Sweden for a purchase price of 3,990 million Swedish Krona (approximately CAD$580 million).
“We are excited to welcome the VIDA team to Canfor and we are looking forward to working with VIDA
to develop our business on a global scale,” said Don Kayne, president and chief executive officer of Canfor.
“We respect VIDA’s team, the quality of the wood products they produce, their strong customer
relationships, and most importantly the value of the VIDA brand worldwide.”

Your comments.

Your #1 source for forestry and forest industry news.

Built by Sofa Communications