Canfor Acquires PinkWood Ltd., Western Canada's Largest I-Joist Plant
Canfor Corporation has closed its purchase of Calgary-based PinkWood Ltd., expanding its engineered wood footprint across Western Canada.
Canfor Corporation finalized its acquisition of PinkWood Ltd. on July 3, 2026, adding Western Canada's largest I-joist manufacturing facility to its portfolio. The Calgary, Alberta-based operation gives the Vancouver-headquartered lumber giant a stronger foothold in the engineered wood products segment, which serves homebuilders and commercial contractors across the region.
The deal was first announced on June 9, 2026, and closed in under a month, signaling a relatively smooth regulatory path. Canfor, traded on the Toronto Stock Exchange under the ticker CFP, said the acquisition complements existing operations it already runs in both Alberta and British Columbia, suggesting potential synergies in raw material sourcing, logistics, and distribution.
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I-joists are a critical structural component in modern residential and commercial construction, prized for their strength-to-weight ratio and dimensional consistency compared with traditional lumber. By controlling Western Canada's largest I-joist facility, Canfor positions itself to capture greater value further along the construction supply chain rather than selling solely commodity lumber.
The move reflects a broader industry trend of major lumber producers diversifying into higher-margin engineered wood products as volatile lumber prices and housing-market uncertainty pressure core sawmill revenues. Canfor has not disclosed the financial terms of the transaction. Continue reading at GlobalNewswire.
