Canfor Corp., Vancouver, B.C., Canada, this week announced it has completed purchasing the operating assets of Beadles and Balfour Lumber Companies. The transaction includes two sawmills located in Thomasville and Moultrie, Ga., USA, and is structured with 55% being acquired upon completion of the agreement and the balance after a two year period.

 

"The Beadles and Balfour sawmills are strong performing assets located in an area with a high-quality and sustainable supply of fiber," said Canfor President and CEO Don Kayne. "We are looking forward to working with the management teams at Balfour and Beadles to continue to produce high-quality southern yellow pine lumber."