Canfor completes acquisition of buy Mississippi sawmill

Published 1:30 pm Friday, April 3, 2015

HERMANVILLE, Miss. (AP) — A Canadian company says it has completed its acquisition of a sawmill in southwest Mississippi.

Canfor Corp. of Vancouver, British Columbia, announced last year it would pay $48.7 million for the Southern Lumber Co. of Hermanville. It announced Thursday that the acquisition was complete.

Southern Lumber makes pine boards, specializing in wide and long lumber, with a yearly capacity of 90 million board feet.

Canfor said it expected to complete the purchase by early 2015. Current managers are expected to remain.

The Canadian company has bought several southern pine sawmills recently, announcing last August that it would acquire two southern Georgia mills. Canfor is also spending $80 million over three years to buy Scotch Gulf Lumber of Mobile, Alabama.