Wednesday, August 28, 2024
Canfor is happy to declare the completion of the acquisition from Arkansas Resolute EL Dorado Inc., of its lumber manufacturing facility in Union Country, Arkansas. The transaction, previously announced on May 01, 2024, is a strategic complement to the Company’s existing regional operations, including its adjacent EL Dorado Laminating Plant and its nearby Urbana sawmill.
Iron Mountain has recently renamed, this acquisition will create operational synergies with Canfor’s existing facilities, provide vertical integration opportunities with its two glulam plants and build further capacity near customers and markets in the US South section.
“This acquisition, together with the intended investment and expansion in the mill, is a strategic opportunity for us,” said Lee Goodloe, President, Canfor Southern Pine. “As a growth-oriented forest products company, we see this as an opportunity to expand the depth and breadth of our manufacturing capabilities in Arkansas’ rich, high-quality wood basket and to provide our customers with a more comprehensive product offering.” Ms. Goodloe added further.
“We warmly welcome our new Iron Mountain employees to Canfor,” Goodloe remarked, adding that “We also look forward to growing on our local engagement and to strengthening our relationships with the EL Dorado community and all of Iron Mountain’s valued partners, suppliers and customers.” Goodloe concluded.
Canfor is a global leader in the manufacturing of high-value forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pallets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe.
Source: Canfor
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