West Fraser Continues Lumber Acquisition Spree

Posted by Karen Koenig | Posted: 04/04/2014 1:01PM

 

VANCOUVER, BC - West Fraser continues its acquisition spree with an agreement to purchase Bibler Brothers Lumber's sawmill and lumber manufacturing operations in Russellville, AR. This follows on the heels of the company's acquisition of High Prairie, AB-based Buchanan Lumber sawmill from Gordon Buchanan Enterprises Ltd, and last month's purchase of Travis Lumber Co.'s sawmill and lumber manufacturing operations in Mansfield, AR.

Details of the transactions were not released.

Bibler Brothers produced approximately 136 million board feet of lumber in 2013 and in excess of 160 million board feet in 2005. Upon completion of the Bibler acquisition, West Fraser will own four sawmills in Arkansas, as well as mills in Texas and Louisiana.

West Fraser (TSX:WFT) said the acquisition of Alberta-based Buchanan will complement its existing operations in the area. The lumber and composite panel producer also said it plans to expand the annual capacity at the Buchanan facility from the current 110 million board feet to approximately 175 million board feet. The acquisition also includes timber rights of an annual allowable harvest of approximately 430,000 cubic meters of coniferous timber and 21,000 cubic meters of deciduous timber.

"We are pleased to be growing and welcoming new employees to West Fraser in the U.S. South and in western Canada," said West Fraser's President and CEO Ted Seraphim. "We expect that these acquisitions will enhance our current operations in Alberta and Arkansas and will further position West Fraser to take advantage of the expected strengthening of our lumber markets."

 

About the Author

Karen M. Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Woodworking Network magazine (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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