Announced
Financials
Sources
Tags
forestry products
Acquisition
Canada
Pending
Friendly
Private
Forestry
Domestic
Majority
Single Bidder
Synopsis
Canfor, an integrated forest products company, agreed to acquire the solid wood operations and associated tenure of Millar Western Forest Products, a pulp mills company, for $420m. Millar Western’s solid wood operations, located in Alberta, Canada, will add 630m board feet of production capacity and have access to a globally competitive, high-quality timber supply. The assets consist of three well-capitalized operations including two sawmill complexes in Whitecourt and Fox Creek and the high-value, specialty Spruceland Millworks facility in Acheson that is dedicated to serving strategic markets and generates higher, more stable returns.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.