Canadian lumber giant Canfor announced that Vida Group, its 70-percent-owned subsidiary, will purchase three sawmills in Sweden from Bergs Timber. The purchase price is $43 million.

The $110 million USD acquisition was announced in November 2018, with completion to take place in two phases, 49 percent being acquired at closing and 51 percent acquired one year later.

Lumber prices are continuing to rise across North America, and supply is continuing to shrink.

Canadian lumber giant Interfor will lay off 130 of the 150 workers that work at its Gilchrist sawmill in Oregon.

Canadian lumber giant Canfor will permanently close its Isle Pierre sawmill in British Columbia.

In the United States, Canfor Southern Pine operations will be taking a series of actions to reduce operating capacity by approximately 40 percent or 50 million board feet over a four-week period.

Canadian lumber giant Canfor has terminated its deal to go private under Great Pacific Capital after it failed to achieve the required votes.

Canadian lumber giant Canfor has agreed to go private, selling its remaining shares to Great Pacific Capital at a price of $16 per common share - or around $981.6 million.