00:36:22 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 79,439,518
Close 2024-02-02 C$ 106.24
Market Cap C$ 8,439,654,392
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West Fraser Timber completes sale of Hinton pulp mill

2024-02-05 09:17 ET - News Release

Mr. Sean McLaren reports

WEST FRASER ANNOUNCES CLOSURE OF HINTON PULP SALE

West Fraser Timber Co. Ltd. has completed the sale of its Hinton pulp mill to Mondi Group PLC, following the completion of Canadian regulatory reviews and satisfaction of customary closing conditions.

"We would like to thank our dedicated employees, the community of Hinton and the government of Alberta for their efforts in helping close this transaction," said Sean McLaren, president and chief executive officer of West Fraser. "The future of the Hinton pulp mill is bright."

The Hinton pulp mill produces unbleached kraft pulp. West Fraser will continue to support the mill through a long-term fibre supply agreement.

About West Fraser Timber Co. Ltd.

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom and Europe. From responsibly sourced and sustainably managed forest resources, the company produces lumber, engineered wood products (OSB, LVL, MDF, plywood and particleboard), pulp, newsprint, wood chips, other residuals and renewable energy. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.

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