# 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.

- Type: Acquisition
- Announced: 2018-11-15
- Where: southern Sweden, Sweden
- Value: $580.0M (3.99B SEK)
- Status: announced
- Capacity: 1.1 billion board feet per year
- Products: spruce and pine wood products, premium packaging, modular housing, industrial products, energy
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Canfor Corporation](https://endata.com/companies/35506.md) (acquirer)
- [VIDA Group](https://endata.com/companies/35507.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/canfor-to-acquire-majority-interest-in-vida-group-of-sweden-700575472.html), 2018-11-15: "With the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.