Canfor's Vida signs deal to buy sawmill in Sweden for $6 million

Canfor Corp. says a Swedish company in which it owns a 70 per cent stake has signed a deal to buy a sawmill for $6 million.

The Vancouver-based forestry company says Vida AB will acquire the sawmill in Sweden from Ingarp Träskydd.

It says the mill has 50 million board feet in annual capacity.

It adds that it has the potential to expand to 100 million board feet.