The US$325m transaction, which is subject to US regulatory approvals, would give West Fraser a combined US and Canadian production capacity of 6.2 billion board feet.
“This is a long-term strategic move that strengthens our core lumber business, gives us significant new geographic, fibre and product diversification, and establishes West Fraser as a major presence in the US south,” said Hank Ketcham, West Fraser’s chairman, president and chief executive officer.
For more on this story see the December 9 issue of TTJ
