Canfor Pulp (CFPUF)[TSX:CFX] is a pulp and paper producer based in British Columbia, Canada. The company is majority owned by Canfor Corporation [TSX:CFP](CFPZF) which also supplies the majority of the raw material the company uses to make pulp (wood chips, etc).
Canfor Relationship
Source: Canfor Pulp MD&A
The relationship with Canfor Corporation, shown in the figure above, is an important one for the company. The pulp mills involved were originally owned by Canfor, and so are relatively integrated with Canfor’s operations. That makes the dependence on each other a mutual affair.