Canfor to acquire 70% stake in VIDA Group for SEK 3.99 billion

Canfor Corporation agreed to purchase 70% of VIDA Group of Sweden for 3,990 million Swedish Krona (approximately CAD$580 million). VIDA operates nine sawmills in southern Sweden with annual production capacity of 1.1 billion board feet.

“With the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global customers.”newswire.ca

• 1 source
• newswire.caCanfor to Acquire Majority Interest in VIDA Group of SwedenCanfor CorporationNov 15, 2018

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