VANCOUVER, BC, March 1, 2022 /CNW/ - Canfor Corporation (TSX:
CFP) is announcing that it has completed the purchase of
Millar Western Forest Products Ltd.'s solid wood operations further
to the Company's news release dated December
16, 2021.
"We are very excited to welcome the employees at the
Whitecourt, Fox Creek and Spruceland facilities to the
Canfor team," said Don Kayne,
President and CEO, Canfor. "The additional manufacturing capacity
in Alberta positions Canfor well
to meet the growing demand of our customers for high-quality,
sustainable wood products."
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.
About Canfor Corporation
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, Mississippi, Arkansas and Louisiana, as well as in Sweden with 70% interest in Vida Group. Canfor
produces primarily softwood lumber and also owns a 54.8% interest
in Canfor Pulp Products Inc., which is one of the largest
global 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. For more information visit canfor.com.
SOURCE Canfor Corporation