LANGLEY, BC – San Group and Interfor Corporation announced that they have entered into a definitive agreement pursuant to which San Group will acquire Interfor’s Acorn sawmill assets located in Delta, BC. …Pursuant to the Agreement, San Group will acquire all the assets and inventory of the Mill and hire all employees currently employed at the Mill. The acquisition builds on San Group’s fully integrated value-added wood products processing methodology and positions the company’s Innovative Lumber Manufacturing Systems with the Mill’s production capabilities. …After the acquisition, San Group’s production capacity will exceed over five hundred million board feet making San Group the second largest sawmilling company in the Coastal Region of British Columbia and one of the largest privately held forestry companies in Western Canada. 

“Acorn’s complementary sawmilling technology, customer base, and geographic footprint make it an excellent fit with our value-added business model, and the transaction strengthens our global wood products export base,” said San Group’s Co-Owner, Kamal Sanghera. …Suki Sanghera, San Group’s, Co-Owner said: “This transaction will deliver significant and immediate value to San Group by connecting Acorn’s production capacity with our current facilities, and to provide current and new employees an opportunity to join a company whose philosophy is centered on increasing the longevity of our forests through value added manufacturing. …Mr. Sanghera added, “One of our first major deals in the lumber industry was with Mr. Sauder in the early 1990’s. We are humbled to now have the opportunity to purchase Acorn. We will strive to live up to his family’s name and their contribution to the BC forest industry.