The deal includes a C$55 million payment at closing, with the remaining balance scheduled for distribution over the next five years. Canfor expects the acquisition to finalize by the third quarter of this year. Once integrated, PinkWood will maintain its current branding while operating as a wholly owned subsidiary of the larger timber firm.

PinkWood specializes in high-performance engineered joists tailored for residential, multi-family, and commercial construction projects. By absorbing this facility, Canfor gains control over a key supply chain node that services Western Canadian development markets, effectively scaling its production reach for complex structural systems.