Business
West Fraser completes acquisition of U.S. lumber business
West Fraser completes acquisition of U.S. lumber business.
About this update from West Fraser Timber Co. Ltd.
[{"type":"text","content":"\n\n\n\n(TSX: WFT)\n\n\nVANCOUVER, March 31 /CNW/ - West Fraser Timber Co. Ltd. (TSX: WFT)\nannounced today that, further to its news releases of November 29, 2006 and\nJanuary 4, 2007, it has completed its acquisition of 13 sawmills located in\nthe southern United States from International Paper Company (NYSE: IP). The\nbusiness will be operated by a wholly-owned U.S. subsidiary of West Fraser.\n\n\nAbout West Fraser\n\n\nHeadquartered in Vancouver, B.C., West Fraser is an integrated forest\nproducts company that produces lumber, LVL, MDF, plywood, pulp, linerboard,\nkraft paper and newsprint. West Fraser has manufacturing operations in British\nColumbia, Alberta and the southern United States and, with the completion of\nthe U.S. South acquisition, has approximately 9,100 employees. All of West\nFraser's managed Canadian woodlands are certified to a third-party and\nindependently-verified sustainable forest management standard, either the\nSustainable Forestry Initiative (SFI) or Canada's national standard for\nsustainable forest management (CAN/CSA Z809).\n\n\n%SEDAR: 00002660E\n\n\n","length":1150,"tagName":"div"}]