Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Global / North America
December 17, 2021
Canfor to acquire Millar Western Forest Products
Canfor Corporation has entered into an agreement with Millar Western Forest Products Ltd. to acquire the company’s solid wood operations and associated tenure for $420 million, including $56 million in working capital, Canfor announced. The purchase price represents a multiple of 3 times 2020 and 2021 average EBITDA. Canfor expects to generate at least $25 million in annual synergies principally related to alignment with the Company’s marketing programs and operational enhancements. Millar Western’s solid wood operations, located in Alberta, Canada, will add 630 million board feet of production capacity ...
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