The deal includes a C$55 million payment at closing, with the remaining balance scheduled for distribution over the next five years. Canfor expects the acquisition to finalize by the third quarter of this year. Once integrated, PinkWood will maintain its current branding while operating as a wholly owned subsidiary of the larger timber firm.
In section Market Quotes
Canfor Expands Engineered Wood Portfolio with PinkWood Acquisition
Vancouver-based Canfor has moved to solidify its position in the engineered wood market by acquiring Calgary’s PinkWood, the largest I-joist facility in Western Canada, for 68 million Canadian dollars. The transaction, valued at approximately US$48.7 million, marks a significant consolidation of regional manufacturing capacity for structural building components.
PinkWood specializes in high-performance engineered joists tailored for residential, multi-family, and commercial construction projects. By absorbing this facility, Canfor gains control over a key supply chain node that services Western Canadian development markets, effectively scaling its production reach for complex structural systems.
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