Canfor to buy South Carolina sawmill

Canfor Corporation has entered into an agreement to purchase a sawmill located in South Carolina.

Subject to due diligence, the deal to buy Elliott Sawmilling Co., Inc. for US$110 million will be closed in the first half of 2019, Canfor said Friday.

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"The purchase of Elliott will further expand our production capacity to meet the growing demand of our customers," Canfor CEO Don Kayne said in a news release.

Located in Estill, South Carolina, the sawmill can produce 210 million board feet, processing both large and small logs.

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