Canfor Corp. (TSX:CFP) agreed to acquire Beadles Lumber Company and Balfour Lumber Company, Inc. for $62 million on August 1, 2014. The purchase is structured with 55% being acquired in January 2015 and the balance after a two year period. The transaction is subject to standard closing conditions. As on January 2, 2015, Canfor Corp. acquired 55% of stake in Beadles Lumber Company and Balfour Lumber Company for $44 million. The remaining stake expected to close at the beginning of 2017. Canfor Corp. (TSX:CFP) completed the acquisition of Beadles Lumber Company and Balfour Lumber Company, Inc. for $75.1 million on January 2, 2017. The final phase of acquisition brought Canfor’s interest in Beadles & Balfour to 100% for $31.1 million. Upon completion of the final phase of the acquisition, the forward purchase liability of $41.8 million and non-controlling interest of $19.9 million were derecognized, and $36.5 million was recorded in other equity.