Canfor completes purchase of Beadles and Balfour
Jan. 2, 2015 - Canfor Corporation announced today that, further to its news of August 1, 2014, the Company has completed the purchase agreement for the operating assets of Beadles and Balfour Lumber Companies.
The transaction includes two sawmills located in Thomasville and Moultrie, Georgia and is structured with 55% being acquired upon completion of the agreement and the balance after a two year period.
"The Beadles and Balfour sawmills are strong performing assets located in an area with a high-quality and sustainable supply of fibre," said Canfor President and CEO Don Kayne. "We are looking forward to working with the management teams at Balfour and Beadles to continue to produce high-quality southern yellow pine lumber."