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Canfor’s VIDA to buy sawmill in Sweden for $6M

Canfor Corporation has announced that VIDA AB, the Swedish company in which it owns a 70 per cent stake has signed a deal to buy a 50 million board foot sawmill from Ingarp Träskydd for $6 million.

The Vancouver-based forestry company said the sawmill has the potential for expansion to 100 million board feet. The transaction is expected to close on Oct. 3.