DLA Piper has advised Vancouver-based integrated forest products company Canfor Corporation on its acquisition of 70 percent of Swedish-based privately owned sawmill company VIDA for SEK 4.1 billion.
Canfor produces primarily softwood lumber and owns a 54.8 percent interest in Canfor Pulp Products Inc., supplier of pulp and paper products worldwide. After the acquisition of VIDA, Canfor's annual production capacity will be approximately 7.2 billion board feet.
Sawmill company VIDA operates nine sawmills in southern Sweden with an annual production capacity of 1.1 billion board feet. In addition, VIDA has nine value-added facilities that include premium packaging, modular housing, industrial products and energy.
The DLA Piper team comprised lawyers across five different countries. The team was led by Vancouver-based Corporate partner Brian Hiebert together with Stockholm-based Corporate partners Peder Grandinson and Richard Folke, Finance senior associate Joséphine Tessmar and Corporate associate Petros Vardanian. They were assisted by Sydney-based partner Grant Koch, solicitor Claudia McEwen and senior associate Adrian Tan, Miami-based partner Fransisco Cerezo, and London-based senior associate Tim Baumgartner.