Canfor acquires assets of Chesterfield Lumber

Vancouver-based wood products company Canfor has acquired the assets of South Carolina-based Chesterfield Lumber for $18 million. The acquisition will be made by Canfor’s wholly owned subsidiary, New South.

The Darlington, S.C.-based Chesterfield mill has the capacity to produce 140 million board feet of southern yellow pine annually.

The mill is located between two existing mills owned by New South -- at Conway and Camden, S.C.

The transaction is subject to closing conditions and is expected to close in the fourth quarter of 2007.

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