Canfor Corp. makes offer for stake in Canfor Pulp it does not already own

Exterior of Canfor's Swanson Lumber Road Mill in Fort St. John.

VANCOUVER — Canfor Corp. has made an offer to buy the shares of Canfor Pulp Products Inc. it does not already own in a deal that values the company at nearly $33 million.

Canfor already owns about 55 per cent of the issued and outstanding shares of Canfor Pulp, which operates two mills in Prince George, B.C.

The lumber producer spun off its pulp business in 2006 when it created the Canfor Pulp Income Fund.

Under the terms of its offer, Canfor Pulp shareholders, other than Canfor and its affiliates, will have the option to receive 0.0425 of a common share of Canfor or 50 cents in cash for each Canfor Pulp share.

Canfor Pulp shares were up 11.5 cents or about 30 per cent at 49.5 cents in morning trading on the Toronto Stock Exchange.

The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including shareholder, court and regulatory approvals.

This report by The Canadian Press was first published Dec. 4, 2025.