Canfor Corporation (Canfor Corp) and Canfor Pulp Products Inc. (Canfor Pulp) in its acquisition of Canfor Pulp Canfor Corporation (Canfor Corp) and Canfor Pulp Products Inc. (Canfor Pulp) in its acquisition of Canfor Pulp

On March 17, 2026, Canfor Corporation (Canfor Corp) and Canfor Pulp Products Inc. (Canfor Pulp) closed its acquisition of all of Canfor Pulp’s issued and outstanding common shares not already owned by Canfor Corp and its affiliates pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). Former Canfor Pulp shareholders had the option to receive either (i) 0.0425 of a common share in the capital of Canfor Corp per Canfor Pulp share or (ii) $0.50 in cash per Canfor Pulp share.

Canfor Corp is a global leader in the manufacturing of high-value, low-carbon forest products, including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Pulp is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia.

Osler, Hoskin & Harcourt LLP advised the Special Committee of Canfor Pulp with a team consisting of Trevor Scott, Minji Park, Jeremy Fraiberg and Julia McCarty (Corporate), Teresa Tomchak and Maya Churilov (Disputes), Kim Maguire and Xue Gao (Tax), and Jaclyn Miller and Michelle Jun (articling students).