West Fraser Purchases Norbord For $3 Billion
West Fraser Timber Co. Ltd. is acquiring all of the outstanding common shares of Norbord, the world’s largest oriented strandboard producer, for $3.1 billion. Following closing, the combined company will operate as West Fraser.
“Norbord’s OSB production is a perfect complement to the West Fraser portfolio, enabling us to deliver a wider range of wood products, and making us a more complete, efficient and valuable partner for our customers,” says Raymond Ferris, President and CEO of West Fraser.
Norbord operates 17 plant locations in the U.S., Europe and Canada, encompassing 15 OSB mills, one MDF plant, two particleboard facilities and a furniture plant.
West Fraser operates 34 sawmills in British Columbia, Alberta and the Southern U.S., as well as three plywood operations and two MDF facilities in Western Canada.
West Fraser will continue to be led by Ferris as CEO and Chris Virostek as CFO. Peter Wijnbergen, President and CEO of Norbord, will be appointed President, Engineered Wood, responsible for the company’s OSB, plywood, particleboard, MDF and veneer operations. Sean McLaren, currently West Fraser’s Vice-President, U.S. Lumber, will be appointed President, Solid Wood, responsible for all of the company’s lumber operations.
Latest News
Beetle Plague Spurs Canadians On U.S. Sawmill Buying Spree
In the 60 years since Bob Jordan III joined his family’s North Carolina sawmill business, he hasn’t seen anything quite like the Canadian invasion of the South’s lumber industry. “You didn’t have people coming in…
Western Forest Products To Spend $30 Million On Vancouver Island Sawmills
Western Forest Products is spending $30 million — most of it in Nanaimo — to upgrade three Vancouver Island sawmills. Lee Doney, company chairman, said today at the Duke Point mill: “Our harvesting strategies and…
Washington’s Allen Logging Lumber Mill Expects To Cease Operations Next Month
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Allen Logging, the last production lumber mill on the North Olympic Peninsula’s West End, expects to cease operations by mid-July. The closure will idle 45 workers, including drivers, millwrights, mechanics and…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.