Pricing & Supply

West Fraser acquires Spray Lake Sawmills

West Fraser Timber Co. has entered into an agreement to acquire Spray Lake Sawmills for (CAD) $140 million ($103 million). This move, the company says, will help WFG to grow its footprint in Southern Alberta and expand its Canadian treated wood business, while providing access to a high-quality timber supply.

FDMC 300

Bassett expects an operating and net loss for the quarter

Bassett Furniture Industries preliminary results for the quarter ended August 26, 2023, showed that consolidated net sales were approximately $87 million or 26% lower than the corresponding period in 2022. The furniture maker expects to report an operating and net loss for the quarter.