Canfor Southern Pine Grows in Arkansas with Acquisition from Resolute

May 01, 2024

Canfor Corporation (TSX:CFP) is announcing that it has entered into a purchase agreement with Resolute El Dorado Inc., an affiliate of Domtar Corporation, to acquire its El Dorado lumber manufacturing facility in Union County, Arkansas. The US$73 million acquisition, including working capital, will create synergies and vertical integration opportunities given its complementary geographic fit with Canfor’s existing operations in the region.

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