VANCOUVER, BC – Lumber and forest products firm West Fraser has entered into an agreement to acquire Manning Diversified Forest Products Ltd., which has sawmill operations located in Manning, Alberta, and related timber harvesting rights. The acquisition is scheduled to be completed before the end of October, 2015.
Manning Diversified Forest Products' sawmill has operated at the site since 1993 and has been producing about 100 million board feet of lumber annually. West Fraser plans to take that number to 130 million board feet by adjusting current operations and expanding annual production capacity.
The timber rights acquired have a current operational annual allowable harvest of approximately 440,000 m3 of coniferous timber. West Fraser will talk more about the acquisition when it announces its third quarter results on October 26, 2015.
“We are pleased to welcome Manning Diversified and its 120 employees to the West Fraser family of mills in Alberta,” said West Fraser’s President and CEO Ted Seraphim.
Have something to say? Share your thoughts with us in the comments below.