Canfor to buy PinkWood I-joist business for $68 million
PUBT · 2d ago
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- Canfor agreed to buy PinkWood’s Calgary I-joist business for $68 million, including working capital.
- $55 million payable at closing; $13 million payable over five years.
- Deal valued at 5x EBITDA on current production and earnings, including identified synergies.
- PinkWood employs 120; capacity of 46 million linear feet; will operate as a wholly owned subsidiary under its existing name.
- Closing targeted for the third quarter; funding expected from cash and available liquidity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canfor Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606091723PRIMZONEFULLFEED9734492) on June 09, 2026, and is solely responsible for the information contained therein.
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