Can­for com­pletes first phase pur­chase of U.S. sawmill

The Prince George Citizen - - Local -

Can­for Cor­po­ra­tion is half­way to­wards pur­chase of an Amer­i­can sawmiller.

In a news re­lease is­sued Fri­day, the com­pany said it now owns 49 per cent of El­liott Sawmilling Co. Inc., based in Estill, South Carolina, with the re­main­ing 51 per cent to be ac­quired in a year.

Can­for said in Novem­ber it had reached an agree­ment to buy the op­er­a­tion for $110 mil­lion.

El­liott has a pro­duc­tion ca­pac­ity in ex­cess of 210 mil­lion board feet and the sawmill con­sists of both large and small log lines.

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