Conifex to buy Blue Wolf-owned U.S. sawmills in $258 mln deal
Conifex Timber Inc (TSX: CFF) has agreed to acquire BW Group, which holds interests in the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood, Arkansas. The deal is valued at about $258 million (US$200 million) in cash and shares. The businesses under the umbrella of BW Group are majority owned by Blue Wolf Capital Partners, a U.S. private equity firm. With the deal's close, expected in the second quarter, Blue Wolf will become an investor in Conifex, a Vancouver-based manufacturer and seller of lumber products. Blue Wolf Partner Charles Miller and Strategic Advisor George Judd will join the company's board.
17 May 2018•7 mins read
