Canfor diversifies with acquisition of I-joist facility
Article excerpt
Canfor diversifies with acquisition of I-joist facility June 14, 2026 | 11:00 pm CDT googletag.cmd.push(function() { // Start by defining breakpoints for this ad. var mapping = googletag.sizeMapping() .addSize([768, 0], [320, 50]) .addSize([480, 0], [320, 50]) .addSize([1366, 0], [970, 90])…
Canfor diversifies with acquisition of I-joist facility June 14, 2026 | 11:00 pm CDT
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Woodworking Industry News
Canfor diversifies with acquisition of I-joist facility
By
Larry Adams
June 14, 2026 | 11:00 pm CDT
VANCOUVER, B.C., Canfor Corporation entered into an agreement with PinkWood Ltd. to purchase its I-joist business for $68 million, including working capital. Founded in 2009, PinkWood is the largest I-joist facility in Western Canada, producing engineered wood joists for residential, multi-family, and commercial construction.
Located in Calgary, AB, PinkWood has 120 employees, with production capacity of 46 million linear feet.
The purchase price represents a 5 times EBITDA multiple based on current production levels and earnings, including identified synergies. Following recent capital investment, there is significant opportunity for growth and EBITDA expansion, the company said. Of the total consideration, $55.0 million is payable on closing, with the remaining $13.0 million payable over 5 years.
“PinkWood is a leading manufacturer of high-quality I-joists with a strong management team and stable returns,” said Susan Yurkovich, president and CEO of Canfor. “Canfor’s acquisition of PinkWood complements our operations in Western Canada by enhancing product diversification and supporting the continued expansion of our value-added manufacturing capabilities. We are pleased to welcome the PinkWood team and believe this acquisition will strengthen our existing asset base and create opportunities for growth and value creation.”
PinkWood will retain its name and operate as a wholly owned subsidiary of Canfor. Canfor anticipates financing this transaction with cash and available liquidity on hand. The transaction is expected to close in the third quarter, subject to customary closing conditions.
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About the author
Larry Adams
| Editor
Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).
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