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Canfor completes phased purchase agreement of Scotch Gulf Lumber

Aug. 12, 2013, Vancouver - Further to its news release of May 31, 2013, Canfor has completed the purchase agreement with Scotch Gulf Lumber. The purchase agreement reflects the acquisition of Scotch Gulf Lumber over a three year period with the first phase representing a 25 per cent interest.

Don Kayne, Canfor's President and CEO said, "Scotch Gulf Lumber is a strong high performing organization and will contribute to the overall strength of our company. We look forward to working with the Scotch Gulf management team."