Acquisition Completion

Canfor Corporation (TSX:CFP) announced that it has completed the acquisition of PinkWood Ltd, an I‑joist manufacturing facility located in Calgary, Alberta. The transaction, first disclosed on 9 June 2026, was executed for a total consideration of US $68 million, which includes working capital adjustments. Upon closing, PinkWood becomes a wholly‑owned subsidiary of Canfor and will continue to operate under its existing name.

The acquisition adds approximately 120 employees to Canfor’s workforce and contributes an additional 46 million linear feet of annual I‑joist production capacity, expanding Canfor’s value‑added manufacturing footprint in Alberta and British Columbia.

Financial Context

Canfor presently carries a market capitalization of about US $1.15 billion. Over the trailing twelve‑month period the company generated revenue of US $3.8 billion but recorded a loss of US $5.14 per share. In its most recent quarter (Q1 2026), revenue reached US $1.36 billion, exceeding the consensus forecast of US $1.26 billion by 7.94 %. However, earnings per share came in at –US $0.792, missing the expected –US $0.754, a shortfall of roughly 5.04 %.

Management Commentary

Susan Yurkovich, President and Chief Executive Officer of Canfor, stated: “We’re excited to welcome the PinkWood operation, its management team and its employees to the Canfor family. The acquisition represents a strong strategic fit for both companies and supports the continued growth of Canfor’s value‑added manufacturing capabilities.”

Additional Company Information

Canfor’s product portfolio includes lumber, engineered wood products, pulp and paper, wood pellets and energy products. The firm operates more than 50 facilities across Canada, the United States and Europe and holds a 77 % stake in Vida AB, a Swedish sawmill company.

Analyst Perspectives

InvestingPro’s Fair Value assessment suggests that Canfor is currently undervalued relative to its peers. Raymond James analysts highlighted that lumber‑sector valuations have reached multi‑cycle lows and pointed to structural supply reductions in Canada and the Eurozone as supportive of the market outlook.