VANCOUVER, British Columbia — Canfor Corp. completed the acquisition of all Canfor Pulp Products’ outstanding common not already owned by Canfor and its affiliates pursuant to a court-approved plan.

Under the terms of the arrangement, each former holder of Canfor Pulp Shares had the option to receive $0.50 per share or receive 0.0425 of a Canfor Corp. share for a share of Canfor Pulp.  Canfor paid approximately $4 million in cash and issued approximately 912,000 shares of Canfor stock to acquire the outstanding shares.

Canfor Pulp reported a net loss of $133.6 million for its fourth quarter. As a result of the prolonged weakness in global pulp markets and the company's persistent challenges accessing economically viable fiber, an asset write-down and impairment charge totaling $106.5 million was recognized in Q4 2025, which included a write-off of a previously recognized deferred tax asset of $52.5 million.

Canfor Pulp shares were subsequently delisted from the Toronto Stock Exchange.