Published on : Saturday, August 10, 2013
Canfor has completed the purchase agreement with Scotch & Gulf Lumber, LLC. The purchase agreement reflects the acquisition of Scotch Gulf Lumber over a three year period with the first phase representing a 25% interest.
Don Kayne, Canfor’s President and CEO said, “Scotch Gulf Lumber is a strong high performing organization and will contribute to the overall strength of our Company. We look forward to working with the Scotch Gulf management team.”
Don Kayne was appointed President and Chief Executive Officer of Canfor Corporation on May 5, 2011. He was additionally appointed Chief Executive Officer of Canfor Pulp Products Incorporated on September 30, 2012.
Canfor is a story of people; about how two entrepreneurs created an enterprise that grew from a modest beginning to become one of Canada’s major forest products companies. The company traces its roots to the late 1930s, when brothers-in-law John G. Prentice and L.L.G. “Poldi” Bentley and their families left their native Austria as the clouds of war gathered over Europe.
Canfor operates manufacturing facilities in the Canadian provinces of British Columbia, Alberta, and Quebec, as well as in the Southern US states of North and South Carolina.
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