West Fraser Purchases Norbord For $3 Billion

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376180744-0'); });
West Fraser Timber Co. Ltd. is acquiring all of the outstanding common shares of Norbord, the world’s largest oriented strandboard producer, for $3.1 billion. Following closing, the combined company will operate as West Fraser.

“Norbord’s OSB production is a perfect complement to the West Fraser portfolio, enabling us to deliver a wider range of wood products, and making us a more complete, efficient and valuable partner for our customers,” says Raymond Ferris, President and CEO of West Fraser.

Norbord operates 17 plant locations in the U.S., Europe and Canada, encompassing 15 OSB mills, one MDF plant, two particleboard facilities and a furniture plant.

West Fraser operates 34 sawmills in British Columbia, Alberta and the Southern U.S., as well as three plywood operations and two MDF facilities in Western Canada.

West Fraser will continue to be led by Ferris as CEO and Chris Virostek as CFO. Peter Wijnbergen, President and CEO of Norbord, will be appointed President, Engineered Wood, responsible for the company’s OSB, plywood, particleboard, MDF and veneer operations. Sean McLaren, currently West Fraser’s Vice-President, U.S. Lumber, will be appointed President, Solid Wood, responsible for all of the company’s lumber operations.

RELATED ARTICLES

CHAMBORD IS THE COMEBACK KID

 

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548375988914-0'); });

Latest News

PELICE Remembers

During the second Panel & Engineered Lumber International Conference & Expo back in 2010, while moderating a keynote speaker session, conference co-chair Fred Kurpiel mentioned several industry figures who had passed away since the previous…

CPA: Quick Guide To The EPA Formaldehyde Regulation

If you manufacture finished goods that contain particleboard, medium density fiberboard (MDF) or hardwood plywood (HWPW), then you likely have been preparing to comply with the Environmental Protection Agency’s (EPA’s) Formaldehyde Emissions Standards for Composite…

Katerra Receives $865 Million To Fund Massive CLT Plant

Katerra, a high-tech construction firm, has secured $865 million in funding from SoftBank Vision Fund. That money will go toward ongoing projects in the U.S., like the company’s planned cross-laminated timber plant in Washington, as…

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });
Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe Now
Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Complete the form
Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Contact Us