West Fraser Completes U.S. South OSB Mill Acquisition
West Fraser Timber Co. Ltd. has successfully completed the acquisition of an oriented strand board (OSB) mill in Allendale, South Carolina, as announced on December 6, 2021. This acquisition is part of West Fraser's strategic expansion in the wood products market, enhancing its production capabilities. With over 60 facilities across Canada, the U.S., the U.K., and Europe, West Fraser produces a diverse range of wood products. The acquisition is expected to bolster the company's operational efficiency and market presence.
- Acquisition of OSB mill in Allendale boosts production capacity.
- Strategic expansion into the U.S. market enhances operational footprint.
- None.
VANCOUVER, BC, Dec. 6, 2021 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today that further to its news release of October 26, 2021, the Company has completed the acquisition of the oriented strand board ("OSB") mill near Allendale, South Carolina.
About West Fraser
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.
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SOURCE West Fraser Timber Co. Ltd.
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