Canfor to acquire lumber mill from Resolute El Dorado for $73 million
Canfor Buys Resolute's El Dorado mill

Canfor will become the third owner of the lumber manufacturing facility in El Dorado, Ark., in four years.

VANCOUVER, British Columbia -- Canfor Corp. entered into a purchase agreement with Resolute El Dorado Inc., an affiliate of Domtar Corp., to acquire its El Dorado lumber manufacturing facility in Union County, Ark.

Canfor said the $73 million acquisition, including working capital, will create synergies and vertical integration opportunities because of its complementary geographic fit with Canfor’s existing operations in the region. The facility produces dimensional lumber and specialty wood products.

Canfor also announced that it plans to invest $50 million in planned upgrades that will boost production capacity to 175 million board feet per year.

“The El Dorado mill is an important part of the regional forest ecosystem,” said Lee Goodloe, president of Canfor Southern Pine. “Together with Canfor’s adjacent El Dorado laminating plant and nearby Urbana Plant, this acquisition aligns with our growth-focused strategy in areas with access to high-quality globally competitive timber supply.”

Resolute reopened the El Dorado facility in 2021. It was one of three facilities that Resolute purchased from Conifex Timber in February 2020. Conifex indefinitely shut down the mill Aug. 28, 2019, due to slumping lumber prices.

Less than a week after announcing the acquisition of the El Dorado operation, Canfor said it would permanently close its Polar sawmill in Bear Lake, British Columbia, and suspend its planned $200 million reinvestment in its Houston, British Columbia, mill.


Have something to say? Share your thoughts with us in the comments below.

Profile picture for user richchristianson
About the author
Rich Christianson | President/Owner/C-Level

Rich Christianson is the owner of Richson Media LLC, a Chicago-based communications firm focused on the industrial woodworking sector. Rich is the former long-time editorial director and associate publisher of Woodworking Network. During his nearly 35-year career, Rich has toured more than 250 woodworking operations throughout North America, Europe and Asia and has written extensively on woodworking technology, design and supply trends. He has also directed and promoted dozens of woodworking trade shows, conferences and seminars including the Cabinets & Closets Conference & Expo and the Woodworking Machinery & Supply Conference & Expo, Canada’s largest woodworking show.