Tuesday, November 21, 2023
West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) recently completed the acquisition of Spray Lake Sawmills located in Cochrane, Alberta. This was finally completed after the completion of Canadian regulatory reviews and satisfaction of customary conditions.
Highlighting the benefits of this prospective acquisition, Ray Ferris, President & CEO West Fraser said, “Building on our operating footprint in Alberta, we see Spray Lake Sawmills as an ideal fit with our lumber and treated wood business. We are excited to welcome the experienced and dedicated team to the West Fraser family and working with the local community.”
Spray Lake Sawmills produces treated wood products, dimensional lumber and a variety of innovative wood residuals and biproducts. It has an annual lumber capacity of 155 million board feet and holds two Forest Management Agreements granted by the Government of Alberta with a total Annual Allowable Cut of approximately 500,000 m3.
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy from responsibly sources and sustainably managed forest resources. The products produced by the company are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials. This fresh acquisition of Spray Lake Sawmills is a new move towards better production system leading to the strengthening of the business.
Read more news on West Fraser