Buffalo Rail & Infrastructure Corp announces the $7 million acquisition of Canfor Pulp Products’ pulp mill assets, including 300+ acres of heavy industrial land, in Taylor, British Columbia (BC), Canada. The property will be repurposed over time into a multi-use industrial distribution and logistics hub focused on serving the region’s energy, agricultural and forestry industries.
“This exciting multi-phased, multi-year development provides a much-needed solution to meet changing logistics and supply chains needs across multiple industries and sectors in Western Canada and beyond,” said Jarrett Zielinski, President & CEO of Buffalo. “Phase 1 is just the beginning. The features on this site provide boundless opportunity to support the industrial growth forecast for the region.”
With an estimated $50+ million capital investment, the first phase of development is anticipated to relieve energy industry bottlenecks impacting industrial participants in Northeast BC and Northwest Alberta regions. Phase 1 will see approximately 100 construction jobs and 30 full time permanent jobs on the site and is expected to become operational around Q2 2025.
Canfor Pulp Products Inc. is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia, Canada.
Buffalo Rail & Infrastructure is a Calgary, Alberta based company investing growth capital into both brownfield and greenfield sites to develop and/or repurpose highly efficient, modern rail or rail adjacent logistics infrastructure.
