What is Interfor?
Interfor Corporation is recognized as one of the world's largest forest products companies, with extensive operations spanning North America and a broad customer base across the globe. Headquartered in Vancouver, British Columbia, Canada, Interfor's origins trace back to 1963 as a coastal logging and manufacturing entity in British Columbia. The company officially adopted the name International Forest Products Limited in 1988. In a strategic move to enhance its U.S. presence, Interfor established its Southeast regional corporate office in Peachtree City, Georgia, in May 2014. The company's core business activities encompass sawmilling and the manufacturing of a diverse portfolio of lumber products, positioning it as a key player in the global timber and wood products industry.
How much funding has Interfor raised?
Interfor has raised a total of $895.2M across 8 funding rounds:
Share Placement
$50M
Share Placement
$57.6M
Share Placement
$75M
Share Placement
$86.3M
Share Placement
$66.3M
Debt
$350M
Debt
$10M
Debt
$200M
Share Placement (2011): $50.1M with participation from RBC Capital Markets and Scotia Capital
Share Placement (2011): $57.6M led by TD Securities, BMO Capital Markets, Raymond James, and Dundee Securities
Share Placement (2013): $75M supported by Raymond James and RBC Capital Markets
Share Placement (2013): $86.3M featuring CIBC World Markets, Raymond James, Scotia Capital, TD Securities, BMO Capital Markets, and RBC Capital Markets
Share Placement (2015): $66.3M backed by TD Securities, BMO Capital Markets, RBC Capital Markets, CIBC World Markets, Raymond James, and Scotia Capital
Debt (2019): $350M with participation from TD Securities, RBC Capital Markets, and Wells Fargo Bank
Debt (2020): $10M led by Prudential Private Capital
Debt (2022): $200M supported by Prudential Private Capital
Key Investors in Interfor
Prudential Private Capital
Prudential Private Capital, a division of Prudential Financial, is a global financial services firm specializing in providing capital solutions and investment opportunities for businesses and institutions. They offer a comprehensive range of financial products and services, including investment management and retirement planning.
BMO Capital Markets
BMO Capital Markets is a full-service financial services provider offering equity and debt underwriting, corporate lending, and M&A advisory services to corporate, institutional, and government clients worldwide. They are known for their comprehensive research and trading capabilities.
RBC Capital Markets
RBC Capital Markets is a leading global investment bank providing a full suite of capital markets products and services, including corporate finance, mergers and acquisitions advisory, and equity and debt underwriting. They serve a diverse range of clients across various industries.
What's next for Interfor?
The substantial enterprise-level funding and recent strategic investment indicate Interfor's intent to further solidify its market leadership. This capital infusion is likely to support strategic acquisitions, enhance operational efficiencies through technological advancements in sawmilling and manufacturing, and potentially expand its geographical footprint. The company's history of securing significant debt and equity financing suggests a proactive approach to capital management, enabling it to pursue growth opportunities and maintain a competitive edge in the dynamic forest products sector. Interfor's focus on operational excellence and strategic financial planning positions it for continued success.
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