Interfor Corporation (TSX:IFP) entered into an agreement to acquire Chaleur Forest Products from Kilmer Van Nostrand Co. Limited for approximately CAD 330 million on October 3, 2022. Interfor intends to finance the acquisition with a combination of cash on hand and its existing credit facilities. The completion of the acquisition is subject to Canadian and U.S. regulatory reviews and customary conditions for a transaction of this kind and is expected to close in the fourth quarter of 2022. The acquisition will be immediately accretive to Interfor's earnings and is expected to provide attractive returns in both the near-term and over the long-term. RBC Capital Markets Inc. acted as a financial advisor to Kilmer Van Nostrand Co. Limited.

Interfor Corporation (TSX:IFP) completed the acquisition of Chaleur Forest Products from Kilmer Van Nostrand Co. Limited on November 30, 2022.