Canfor Mergers and Acquisitions Summary

Forest ProductsCompany

Canfor has acquired 4 companies, including 2 in the last 5 years. It has also divested 2 assets.

Canfor’s largest acquisition to date was in 2021, when it acquired Millar Western Forest Products - Solid Wood Operations for $420M. It’s largest disclosed sale occurred in 2022, when it sold Canfor - Mackenzie Assets to Peak Renewables for $70M. Canfor has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include forest products (75%) and life science (25%).

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M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4

Canfor

Canfor Corp.

100-1700 West 75th Avenue,
Vancouver, British Columbia V6P 6G2
Canada,
(604) 661-5241
www.canfor.com

Canfor is a integrated forest products company based in Vancouver, British Columbia (BC) with operations in BC, Alberta, North and South Carolina and Alabama. Canfor produces primarily softwood lumber, and also produces bleached chemi-thermo-mechanical pulp and specialized wood products. Canfor was founded in 1966 and is based in Vancouver, Canada.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 2 - 1 1 - - 4
vol $94M $420M $514M
Sell (0.2/yr) # 1 - - - 1 - 2
vol $57M $70M $127M
  6

Most Recent M&A

Company Date Value Type
Canfor - Mackenzie Assets 2022-02-24 70M USD Divestiture
Vancouver, British Columbia
Millar Western Forest Products - Solid Wood Operations 2021-12-16 420M USD Divestiture
Edmonton, Alberta
Arbios Biotech 2020-10-14 - Joint Venture
, Australia · www.arbiosbiotech.com
Wynndel Box & Lumber Ltd. 2016-01-21 - Add-on Acquisition
Wynndel, British Columbia · www.wynndellumber.com
Anthony Forest Products Co. 2015-09-28 94M USD Add-on Acquisition
El Dorado, Arizona · www.anthonyforest.com
Peace Valley Oriented Strand Board Mill 2012-11-28 57M CAD Stake Purchase
Fort St. John, British Columbia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Forest Products 3 (75%) 514M (100%) 2 (100%) 127M (100%)
Life Science 1 (25%) - - -
Total 4 $514M 2 $127M

By Geo

State/Country Buy Value Sell Value
Canada 2 420M 2 127M
  British Columbia 1 - 2 127M
  Alberta 1 420M - -
Australia 1 - - -
United States 1 94M - -
  Arizona 1 94M - -
Domestic 2 (50%) 420M (82%) 2 (100%) 127M (100%)
Cross-border 2 (50%) 94M (18%) - -
Total 4 $514M 2 $127M

Deal Values

buy # Total
$100M to $1B 1 $420M
< $100M 1 $94M
TOTAL $514M
Largest Millar Western Forest Products - Solid Wood Operations
$420M (2021-12-16)
sell # Total
< $100M 2 $127M
TOTAL $127M
Largest Canfor - Mackenzie Assets
$70M (2022-02-24)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Forest Products

Revenue

7,685   41% 2021
5,454   18% 2020
4,658   8% 2019
5,044   9% 2018
4,659   11% 2017
4,235   8% 2016
3,925   18% 2015
3,348   2014
(millions of CAD) Show More Show Less

Employees

7,111

Established

1966

Public

Toronto (TSX): CFP

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