VANCOUVER, April 1, 2015 /CNW/ - Canfor Corporation
(TSX:CFP) announced today that, further to its news release of
September 30, 2014, it has completed
the purchase of the operating assets of Southern Lumber
Company. The acquisition includes a sawmill located in
Hermanville, Mississippi which is
a large log southern yellow pine dimension lumber mill producing
predominantly long wide-width lumber.
"With the completion of this acquisition, we are further
positioned to provide additional higher-value products to our
global customers" said Canfor Corporation President and CEO
Don Kayne. "We look forward to
working with the new team members in Mississippi and would like to welcome them to
Canfor."
Forward Looking Statements
Certain statements in this press release constitute
"forward-looking statements" which involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results, performance or
achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "projects", "intends", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and actual
events or results may differ materially. There are many factors
that could cause such actual events or results expressed or implied
by such forward-looking statements to differ materially from any
future results expressed or implied by such statements.
Forward-looking statements are based on current expectations and
Canfor assumes no obligation to update such information to reflect
later events or developments, except as required by law.
Canfor is a leading integrated forest products company based
in Vancouver, British Columbia
("BC") with interests in BC, Alberta, North and South Carolina, Alabama, Georgia and Mississippi. Canfor produces primarily
softwood lumber and also owns a 50.5% interest in Canfor Pulp
Products Inc., which is one of the largest producers of market
northern bleached softwood kraft pulp and a leading producer of
high performance kraft paper. Canfor shares are traded on the
Toronto Stock Exchange under the symbol CFP.
SOURCE Canfor Corporation