Sorainen has advised Canadian Forest Products on its acquisition of Vida Packaging Eesti. The transaction is connected to Canfor’s 70 percent acquisition of Swedish company VIDA Aktiebolag.
“With the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global customers,” said Don Kayne, President and Chief Executive Officer of Canadian Forest Products. “This transformational growth will allow Canfor to further diversify and secure a worldwide fibre supply to meet the growing demand of our customers for high-quality wood products.”
Canfor is a leading integrated forest products company based in Vancouver, British Columbia. Its annual production capacity will be approximately 7.2 billion board feet, with a highly diversified operating base in western Canada, the U.S.A. and Europe.
Sorainen's team consisted of Partner Toomas Prangli, Senior Associate Juulika Aavik, and Associate Nele Suurmets.
Sorainen did not reply to our inquiry about counsel for the sellers.