INTERFOR CORPORATION (“Interfor” or the “Company”) (IFP) announced today it has completed the acquisition of a sawmill in Monticello, Arkansas from The Price Companies, Inc., thereby increasing its annual lumber production capacity to 3.2 billion board feet, of which over 40% is in the US South.
“We are pleased to extend our US South footprint in Arkansas and welcome our new employees to Interfor,” President and CEO Duncan Davies said today.
FORWARD-LOOKING STATEMENTS
This release contains information and statements that are forward-looking in nature, including, but not limited to, statements containing the words “will” and “is expected” and similar expressions. Such statements involve known and unknown risks and uncertainties that may cause Interfor’s actual results to be materially different from those expressed or implied by those forward-looking statements. Such risks and uncertainties include, among others: uncertainties related to the realization of the anticipated benefits of the Monticello sawmill acquisition, general economic and business conditions, product selling prices, raw material and operating costs, changes in foreign-currency exchange rates, and other factors referenced herein and in Interfor’s Annual Report and Annual Information Form available on www.sedar.com. The forward-looking information and statements contained in this release are based on Interfor’s current expectations and beliefs. Readers are cautioned not to place undue reliance on forward-looking information or statements. Interfor undertakes no obligation to update such forward-looking information or statements, except where required by law.