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Canfor Corporation Acquires Chesterfield Mill
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Vancouver, British Columbia, Canada, 18 September 2007 -– Canfor Corporation (TSX:CFP) today announced its wholly owned subsidiary, New South Companies, Inc. has entered into an agreement to purchase the assets of Chesterfield Lumber Company, Inc., located in Darlington, South Carolina, for USD 18 million, which includes working capital. The annual capacity of the Chesterfield mill is approximately 140 million board feet of southern yellow pine. The mill is located between New South’s Conway and Camden mills in South Carolina.

The transaction is subject to customary closing conditions and expected to close in the fourth quarter of 2007.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia, with interests in 33 facilities in British Columbia, Alberta, and Quebec in Canada, and in Washington, North Carolina, and South Carolina in the United States. The company is the largest producer of softwood lumber in Canada. It also produces oriented strand board (OSB), plywood, remanufactured lumber products, and specialized wood products. Canfor owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange (TSX: CFP)


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