Slocan.Canfor agree to forestry merger: $455-million share exchange deal

Article Abstract:

B.C. forestry giants Canfor Corp. and Slocan Forest Products Ltd. are going to merge in a $455-million share exchange deal that will create the world's second-largest lumber producer after Weyerhaeuser Co.. The effort is geared towards meeting the growing demands of customers in United States and Japan.

Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Slocan Forest Products Ltd.

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Canfor unveils jumbo sawmill

Article Abstract:

Forest product giant Canfor Corp. inaugurated the world's largest sawmill in Houston, which it hopes would blunt the impact of crippling softwood duties and the rising Canadian dollar. The move poses a threat to smaller mills in the province that may find difficult to get raw logs for processing.

Facilities & equipment, Economic aspects, Buildings and facilities, Sawmills

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