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Tweet West Fraser continues to grow its lumber business in the U. South and in western Canada. The company announced that it has entered into an agreement to acquire the Bibler Brothers Lumber sawmill and lumber manufacturing operations located in Russellville, Arkansas. The company also announced the successful completion of the acquisition of Buchanan Lumber sawmill located in High Prairie, Alberta from Gordon Buchanan Enterprises Ltd.
The Alberta based Buchanan Lumber sawmill has an annual capacity of approximately million board feet of lumber. West Fraser plans to invest additional capital in the mill to expand the annual production capacity to approximately million board feet.
The acquisition includes timber rights having an annual allowable harvest of approximatelycubic meters of coniferous timber and 21, cubic meters of deciduous timber. The Arkansas based Bibler Brothers Lumber sawmill produced approximately million board feet of lumber in and in excess of million board feet in Completion of the Bibler Brothers Lumber acquisition is subject to satisfaction of certain conditions which are expected to be satisfied before the end of April.
Once completed, West Fraser will own four sawmills in Arkansas as well as sawmills in neighboring Texas and Louisiana.West Fraser is a leading North American integrated wood products company firmly rooted in quality, people and community.
West Fraser supplies the world with quality forest products. CLICK to download a pdf of this article. Canada's lumber producers expanding further — but in the U.S.
The annual survey of Canada’s top lumber producers by International WOOD MARKETS Group Inc. shows familiar faces at the top—Canfor and West Fraser—but also that Canadian lumber companies are now a big part of the U.S. industry. VANCOUVER, March 31 -- West Fraser Timber Co. Ltd. (TSX: WFT) announced today that, further to its news releases of November 29, and January 4, , it has completed its acquisition of 13 sawmills located in the southern United States from International Paper Company (NYSE: IP).
West Fraser Timber Co. Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. Formed in , and run by CEO Edward Seraphim, the company now has 7, employees and with the company’s market capitalisation at CAD CA$B, we can put it in the mid-cap stocks category.
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West Fraser Timber Subject. West Fraser Timber Co. Ltd. says the worst is over in the forestry business as demand returns and lumber prices continue to rebound from one of the most devastating periods in the industry's history.