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.
"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.
