Canfor Purchases Mills from Balfour/Beadles Lumber
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Canfor Corp., Vancouver, B.C., Canada, this week announced the purchase of the operating assets of Balfour Lumber Co, and Beadles Lumber Co. The transaction includes two sawmills located in Thomasville and Moultrie, Ga., USA, in an area with a high quality and sustainable fiber supply.
The Balfour and Beadles mills produce quality southern yellow pine lumber, and the operations have a combined capacity of 210 million bd. ft. after reflecting planned near term capital. The purchase is structured with 55% being acquired in January 2015 and the balance after a two year period.
"The Balfour and Beadles sawmills are strong high performing assets in a supply area of sustainable and quality fiber." said Canfor President and CEO Don Kayne. "These mills and the management team in Georgia will contribute to the strength of Canfor."
