Canfor Completes the Acquisition of Wynndel

VANCOUVER, April 15, 2016 /CNW/ - Canfor Corporation (TSX: CFP) ("Canfor") announces that, further to its news release dated January 21, 2016, it has completed the acquisition of the assets of Wynndel Box & Lumber Ltd. located in the Creston Valley, British Columbia.

"We welcome the employees of Wynndel to the Canfor team," said Don Kayne, President and CEO of Canfor. "We look forward to working together to continue to provide high-quality products and excellent service to our customers worldwide."

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia ("BC") with interests in BC, Alberta, Ontario, North and South Carolina, Alabama, Georgia, Mississippi and Arkansas.  Canfor produces primarily softwood lumber and also owns a 51.9% interest in Canfor Pulp Products Inc., which is one of the largest producers of market northern bleached softwood kraft pulp and a leading producer of high performance kraft paper.  Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.

SOURCE Canfor Corporation

Image with caption: "Canfor Corporation (CNW Group/Canfor Corporation)". Image available at: http://photos.newswire.ca/images/download/20160415_C1625_PHOTO_EN_666445.jpg

For further information: Media Contact: Corinne Stavness, Senior Director, External Affairs and Communications, (604) 661-5225, Corinne.Stavness@canfor.com; Investor Contact: Pat Elliott, Vice President and Treasurer, (604) 661-5441, Patrick.Elliott@canfor.com

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