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Canfor looks to pick up IP assets

An ambition to expand its business to include the U.S. might see Canfor picking up any lumber operations Internatio…

An ambition to expand its business to include the U.S. might see Canfor picking up any lumber operations International Paper decides to sell south of the Canadian border.

IP’s announcement last week that it plans to sell off close to 40% of its operating profits caught Canfor’s attention, however, IP has confirmed it won’t consider any offers until the early fall.

The bulk of Canfor’s operations are run out of western Canada and are based on northern spruce, pine and fir trees. According to Yahoo News, CEO Jim Shepherd has identified market opportunity for yellow pine grown in the south U.S.