Canfor's Vida closes AB Karl Hedin Sagverk acquisition

Executive Summary

• Canfor Corp.'s subsidiary, Vida AB, has completed the acquisition of AB Karl Hedin Sagverk, adding approximately 230 million board feet to Vida's annual production capacity.
• The acquisition brings Vida's total annual production capacity to approximately 2.1 billion board feet and expands its geographic footprint in Sweden with access to three sawmills in Karbenning, Krylbo, and Sater.
• CEO Susan Yurkovich stated the deal strengthens access to high-quality timber resources and diversifies Canfor's global operations.

Key Details

• Acquirer: Vida AB (77% owned by Canfor Corp.).
• Target: AB Karl Hedin Sagverk.
• Transaction Status: Completed.
• Production Impact: Adds ~230 million board feet to annual capacity; total capacity now ~2.1 billion board feet.
• Assets Acquired: Three sawmills located in Karbenning, Krylbo, and Sater, Sweden.
• Strategic Rationale: Strengthens geographic footprint, increases access to high-quality timber resources in Sweden, and diversifies Canfor's global operations.

Notable Quotes

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