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
Lumber ‘Supercycle’ Could Spell Opportunity
Investors should always be on the lookout for a long-term financial trend, take a position early, and then ride it for all it’s worth. Such an opportunity could now be emerging in lumber, a long…
Blue Wolf Capital Acquires Florida’s Suwannee Lumber Co.
Blue Wolf Capital Partners LLC, the New York-based private equity firm, today announced that Blue Wolf Capital Fund III, L.P., through an affiliate, has acquired substantially all of the assets of Suwannee Lumber Co., a…
Interfor Completes Acquisition Of Keadle Lumber
International Forest Products Limited (Interfor) recently announced it has completed the acquisition of the sawmill operations from Keadle Lumber Enterprises, Inc. of Thomaston, Georgia. The Keadle mill currently operates on one shift. Over the course…
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.