acquisition

Canadian News

Western Forest Products buys U.S. lumber mill for $9 million

VANCOUVER, B.C. - Western Forest Products Inc. announced it will acquire Hampton Lumber Mills-Washington Inc.'s lumber processing and distribution center in Arlington, Washington for approximately $9 million. The sale is expected to close in January 2018. This will be the Canadian lumber producer's first U.S. operation. The acquisition will also help "to mitigate" the softwood duties assessed on company products sold into the United States, said Western President and CEO Don Demens.

Canadian News

West Fraser expands in U.S., acquires Gilman lumber for $430 million

VANCOUVER, B.C. – West Fraser Timber Co. Ltd. continues its expansion into the U.S. lumber market with the $430 million acquisition of the Gilman Companies. The acquisition includes six sawmills and a fingerjoint mill in Florida and Georgia, as well as an administrative office in St. Marys, Georgia. Vancouver, B.C.-based West Fraser's agreement with the Howard Gilman Foundation and other shareholders was announced July 26. The deal, which is subject to U.S. regulatory approvals and customary conditions, is anticipated to close in the third quarter of 2017.