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.