Chess moves, Canfor completes acquisition of Calgary I-joist maker PinkWood

Canfor Corporation (OTC: CFPZF) announced it has completed the acquisition of PinkWood Ltd., a Calgary, Alberta-based I-joist manufacturer, according to a press release issued July 3, 2026.

The acquisition, first announced June 9, 2026, adds 120 employees and 46 million linear feet of annual I-joist production capacity to Canfor’s operations. PinkWood will retain its name and operate as a wholly owned subsidiary of Canfor.

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

Canfor, headquartered in Vancouver, British Columbia, manufactures forest products including lumber, engineered wood products, pulp and paper, wood pellets and green energy, operating at more than 50 facilities across Canada, the United States and Europe.