Canfor Purchases Mills from Balfour / Beadles Lumber

Aug 01, 2014
Canfor Corporation (TSX:CFP) is pleased to announce the purchase of the operating assets of Balfour Lumber Company and Beadles Lumber Company.  The transaction includes two sawmills located in Thomasville and Moultrie, Georgia in an area with a high quality and sustainable fibre supply.  The Balfour and Beadles mills produce quality southern yellow pine lumber and the operations have a combined capacity of 210 million board feet after reflecting planned near term capital.  The purchase is structured with 55% being acquired in January 2015 and the balance after a two year period.

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