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
Russia Wood Factory Grows
Russia has for many years been, by far, the largest exporter of logs in the world. When the country announced a log export tax of 25% in 2007 and the intention to increase this tax…
Pellet Firm Boosts Capacity
Aggressive wood fuel pellet manufacturer-exporter Enviva LP has increased the announced capacity of the pellet plant it has under construction in Ahoskie, NC. The plant’s productive potential has been elevated by 50,000 metric tons per…
Global Timber Industry is Active!
Housing Recovery Expected in U.S. A record crowd of 400 timberland owners and managers, forest industry representatives and investment professionals from 14 countries and all across the U.S. recently assembled at the University of Georgia’s…
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.