More forest industry acquisitions expected in 2021

The former Canfor log yard at Fort Nelson. The company is in a position to further consolidate the B.C. forest industry through acquisitions. - Photo courtesy Northern Rockies Municipality

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Record high lumber prices have left North American forestry companies flush with cash, setting the stage for more forestry merger and acquistions in 2021.

Lumber prices broke records in September and again in February, inching towards US$1,000 per board feet for the first time. With forestry companies reporting some record profits, it means they are in a position to either go on a buying spree or become targets for acquisition.

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Source: Prince George Citizen

 

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