Vancouver, BC — Canfor Corporation announced today that it has entered into an agreement with PinkWood Ltd. to purchase its I-joist business for $68.0 million, including working capital. Founded in 2009, PinkWood is the largest Ijoist 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. … “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.