Canfor Corporation is buying the Resolute El Dorado Inc. lumber manufacturing facility on the Junction City Highway in Union County, south of El Dorado.
Resolute El Dorado is an affiliate of Domtar Corporation.
Canfor said the $73 million acquisition, including working capital, will create synergies and vertical integration opportunities given its fit with Canfor’s existing operations in Union County.
The facility, which is close to key end-markets, produces dimensional lumber and specialty wood products. Its integration will capitalize on the company’s regional manufacturing footprint to optimize product portfolio and maximize value.
Leveraging Canfor’s experience and expertise, and with an anticipated further $50 million in planned upgrades, production capacity is expected to increase to 175 million board feet per year.
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