Canfor Corporation announces that it has entered into an agreement to purchase the assets of Wynndel Box and Lumber Ltd., located in the Creston Valley of British Columbia.
Wynndel Box and Lumber produces premium boards and customized specialty wood products sold under the brand name WynnWoodIt has access to exceptionally high quality fibre, and will advance Canfor’s ability to produce a broader mix of higher value specialty products.
The acquisition of assets includes a sawmill located in Wynndel, BC, with an annual production capacity of 65 million board feet, and approximately 65,000 cubic metres of annual harvestingrights in the Kootenay Lake Timber Supply Area.
The agreement is expected to close in the second quarter of 2016 and is subject to customary closing conditions.
