Canfor Pulp to Acquire Taylor Pulp Mill from Canfor Corporation

Jan 28, 2015

Vancouver, B.C. – Canfor Pulp Products Incorporated (TSX: CFX) announced today that it has entered into an agreement to purchase the Taylor, BC pulp mill from its parent company, Canfor Corporation (TSX: CFP). The agreement includes a purchase price of approximately $15 million including working capital, along with additional consideration to be paid by Canfor Pulp over a three year period contingent on the financial results of Taylor Pulp over that time.

“Taylor Pulp is a great strategic fit for Canfor Pulp and this agreement allows us to grow our scale in Northern BC,” said Canfor Pulp President Brett Robinson. “Our extensive involvement in the Taylor operation over the last several years will make for a seamless transition to ownership of this facility.”

Taylor Pulp employs 106 people and has an annual production capacity of 220,000 tonnes of bleached chemi‐thermo‐mechanical pulp.

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