Forestry & Timber
Canfor acquires PinkWood I-joist business for $68 million Canfor Corporation is acquiring Calgary-based PinkWood Ltd.'s I-joist manufacturing business — the largest I-joist producer in Western Canada, with 120 employees and annual capacity of 46 million linear feet of engineered wood joists — for $68 million including working capital ($55 million at closing, $13 million payable over five years). CEO Susan Yurkovich said the deal enhances product diversification and expands Canfor's value-added manufacturing capabilities in Western Canada. Source: Woodworking Network