West Fraser Purchases Norbord For $3 Billion

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

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.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381461985-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381402298-0'); });

Latest News

N.M. Rep. Pursues Forest Restoration Efforts Through Logging, Sawmilling

U.S. Representative Steve Pearce is continuing to pursue his desire to create jobs by reestablishing logging and sawmilling in New Mexico, and specifically in Cibola County. He visited the Mt. Taylor Manufacturing’s sawmill in Milan…

Burns Lake Sawmill Recovery Efforts Continue, Six Months After The Blast

It was six months ago last Friday that explosion and fire ripped through the Babine Forest Products saw mill in Burns Lake. Two people died, a further 44 were injured. Since that time, there have…

$2.3 Million Wood First Program Supports B.C. Forest Industry

More than $2.3 million is being invested this year in the Wood First program to broaden the use of B.C. wood products in commercial, government, and mid-rise buildings. The 2012-13 Wood First Investment Strategy allocates…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

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.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us