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Last week's announcement of Canfor’s plan to indefinitely curtail production of one of its two pulp lines at Prince George's Northwood Pulp & Timber hit like a bad case in indigestion for Chuck LeBlanc.
Canfor Southern Pine agreed to purchase Domtar's Resolute El Dorado lumber mill
Lower-than-expected housing starts in Canada and the United States have also eroded lumber demand
Canfor Corp. plans to buy a lumber mill near El Dorado for $73 million and will expand production with a $50 million investment.
Canfor Corporation 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.