Canfor Corporation has agreed to acquire the I-joist business of PinkWood Ltd. in Calgary, Alberta, for a total purchase price of $68 million, expanding its presence in the engineered wood products sector.<\/p>\n
The transaction includes PinkWood's manufacturing facility in Calgary, which produces engineered wood I-joists used in residential, multi-family and commercial construction. The plant employs approximately 120 people and has an annual production capacity of 46 million linear feet, making it the largest I-joist facility in Western Canada.<\/p>\n
Under the agreement, PinkWood will continue operating under its existing name as a wholly owned subsidiary of Canfor.<\/p>\n
The purchase price consists of $55 million payable at closing and a further $13 million to be paid over the following five years. According to Canfor, the valuation represents an EBITDA multiple of approximately five times current earnings, including anticipated synergies from the transaction.<\/p>\n
The company said the acquisition will be financed through available cash and existing liquidity.<\/p>\n
The transaction is expected to close during the third quarter of 2026, subject to customary closing conditions.<\/p>\n
Founded in 2009, PinkWood has established itself as a major supplier of engineered wood products in Western Canada. The acquisition strengthens Canfor's position in value-added wood products and broadens its exposure to the engineered wood segment, which has become an increasingly important part of modern timber construction.<\/p>\n
The deal also continues a period of expansion for Canfor. The company operates more than 50 manufacturing facilities across Canada, the United States and Europe and holds a 77% ownership stake in Swedish sawmill group Vida.<\/p>\n
The acquisition comes as North American producers continue to invest in engineered wood products, driven by growing demand for prefabricated building systems and wood-based construction solutions. I-joists are widely used in floor and roof systems due to their strength, dimensional stability and efficient use of wood fibre.<\/p>\n
By adding PinkWood's production capacity and customer base, Canfor is expected to strengthen its position in the Canadian engineered wood products market while increasing opportunities for integration with its existing lumber operations.<\/p>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":98964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5204],"tags":[],"class_list":["post-98963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news"],"acf":[],"yoast_head":"\n