Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
October 13, 2021
West Fraser expands U.S. operations with US$300M purchase of Texas sawmill
West Fraser Timber Co. Ltd. is expanding its U.S. operations after reaching an agreement to purchase a lumber mill in Lufkin, Texas, for about US$300 million. The purchase from Angelina Forest Products will be funded with cash on hand and is expected to close after receiving U.S. regulatory approvals. The Vancouver-based company will provide further details about the transaction during its third-quarter earnings call on Oct. 28. Annual synergies are expected to reach about US$13 million within two years.   ...
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