Canfor Reports Results for Second Quarter of 2020
• Second quarter of 2020 reported operating income of $97 million, includes $81 million recovery of previous inventory write-downs in the lumber segment • Vida Group (“Vida”) announced agreement to purchase Bergs Timber Production AB (“Bergs”) sawmill assets for $43 million plus working capital, which will add 215 million board feet to Vida’s annual capacity • Completed acquisition of Elliott Sawmilling Co., LLC (“Elliott”) • Announced permanent closure of Isle Pierre sawmill, located near Prince George, British Columbia (“BC”) due to an insufficient supply of economically viable timber