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Wood Dr.: Canadian purchases of US sawmills could drive lumber prices higher

from Woodworking Network

Several weeks ago Canfor Corp. announced it entered into an agreement to purchase Elliott Sawmilling Co., Inc. located in Estill, South Carolina, for a purchase price of $110 million. The transaction will be completed in early 2019. Elliott has a production capacity in excess of 210 million board feet and the sawmill consists of both large and small southern pine log lines. more

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