Canfor Corporation announced that it has acquired 7% of outstanding shares of Vida AB effective today.
The shares were acquired from certain minority shareholders utilizing their option privileges under the February 2019 agreement in which Canfor purchased 70% of VIDA AB, Sweden’s largest privately owned sawmill company. After concluding this transaction, Canfor owns 77% of VIDA AB.
On February 28, 2019, Canfor completes majority acquisition of Vida Group of Sweden.
Canfor is one of the world’s largest producers of sustainable lumber, pulp and paper.
Canfor's North American facilities produce high-quality dimension lumber, value-added finishing products, and top-quality pulp & paper.
