Canfor Corporation has successfully completed the acquisition of a lumber manufacturing facility in Union County, Arkansas, from Arkansas Resolute El Dorado Inc.
This strategic move, initially announced on May 1, 2024, aims to enhance Canfor’s regional operations by integrating the newly acquired facility, now renamed the Iron Mountain sawmill, with its existing El Dorado Laminating Plant and nearby Urbana sawmill.
The acquisition is expected to foster operational synergies and provide vertical integration opportunities with Canfor’s two glulam plants. This expansion will also bolster the company’s capacity to serve customers and markets in the US South more effectively.
Lee Goodloe, President of Canfor Southern Pine, emphasized the strategic nature of this acquisition, highlighting its potential to expand the company’s manufacturing capabilities within Arkansas’ high-quality wood basket. Goodloe also expressed enthusiasm for the investment and expansion plans for the mill, which are poised to offer a more comprehensive product range to customers.
In welcoming the new Iron Mountain employees, Goodloe underscored Canfor’s commitment to local engagement and strengthening relationships with the El Dorado community, as well as with Iron Mountain’s partners, suppliers, and customers.
Canfor Corporation
Canfor Corporation, headquartered in Vancouver, British Columbia, is a global leader in manufacturing high-value, low-carbon forest products. The company’s diverse portfolio includes dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. Canfor operates over 50 facilities across Canada, the United States, and Europe, and holds significant stakes in Vida AB and Canfor Pulp Products Inc.
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