Canfor Says Its 77%-owned Subsidiary, Vida AB, Completes Acquisition of Sawmills in Central Sweden-February 2024-www.financetom.com

Canfor Says Its 77%-owned Subsidiary, Vida AB, Completes Acquisition of Sawmills in Central Sweden

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Canfor Says Its 77%-owned Subsidiary, Vida AB, Completes Acquisition of Sawmills in Central Sweden

Sep 17, 2025 2:33 PM

05:14 PM EDT, 09/17/2025 (MT Newswires) -- Canfor ( CFPZF ) after trade Wednesday said Vida AB, its 77%-owned subsidiary, completed the $164-million acquisition of AB Karl Hedin Sagverk.

A statement notes the transaction adds approximately 230 million board feet to Vida's annual production capacity, bringing its total annual production capacity to approximately 2.1 billion board feet.

"We are excited to welcome the employees at AB Karl Hedin Sagverk's three sawmills in Karbenning, Krylbo and Sater into the Canfor ( CFPZF ) family," said Canfor ( CFPZF ) chief executive Susan Yurkovich. "This acquisition strengthens Vida's geographic footprint, increasing access to high-quality timber resources in Sweden, while continuing to diversify Canfor's ( CFPZF ) operations globally."

Canfor ( CFPZF ) shares closed down $0.26, or 1.9%, to $13.11 on the TSX today.

Previous page： Pfizer’s $43 billion purchase of Seagen gets green light from EU antitrust Next page： Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Pfizer’s $43 billion purchase of Seagen gets green light from EU antitrust

Oct 20, 2023

Pfizer announced the deal in March, its largest purchase in a string of recent acquisitions thanks to a once-in-a-lifetime cash windfall from its COVID-19 vaccine and treatment.

Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Oct 23, 2023

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

The US sanctions 10 Hamas members and its financial network over the surprise Israel attack

Oct 18, 2023

The sanctions are financial penalties meant to block access to funds held in the U.S. and to prevent the people and entities from doing business with American people and firms.

Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Oct 23, 2023

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.