Canfor Pulp Announces Sale Agreement for Taylor Pulp Site

Canfor Pulp Products Inc. announced that it has entered into an asset purchase agreement to sell its Taylor BCTMP pulp mill site for a price of $7 million.

“I am very pleased we have reached an agreement to sell our assets in Taylor, British Columbia to a new owner that is committed to repurposing the site and developing a long-term plan which will benefit the community,” said Kevin Edgson, President and CEO, Canfor Pulp.

The transaction is subject to customary closing conditions, with closing expected to occur during the first quarter of 2024. Further details will be shared upon completion of the sale.

About Canfor Pulp Products Inc.

Canfor Pulp Products Inc. (“Canfor Pulp” or “CPPI”) is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia (“BC”). Canfor Pulp owns and operates three mills in Prince George, BC with a total capacity of 780,00 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft (“NBSK”) Pulp and 140,000 tonnes of kraft paper. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit canfor.com.

Contact:

Rosemary Silva – Manager, Community Relations – communicaitons@canfor.com – (604) 661-5425

Source: Canfor Pulp Products Inc.