West Fraser, a diversified wood products company, completed the acquisition of the lumber mill from Angelina Forest Products, a state‐of‐the‐art sawmill, for $300m. “With this acquisition, we will be able to quickly capitalize on a fully-invested and high-quality manufacturing facility. This includes a trained labour force and the local community and logistics infrastructure to support the mill’s supply chain, distribution and outlet for residuals. Further, we are able to immediately reap the cash flow benefits of our investment while significantly reducing the associated risks of greenfield construction, execution and start-up," Ray Ferris, West Fraser President and CEO.