News in structural panels

West Fraser Timber Co. Ltd., to Purchase Norbord Inc. in an All Stock Transaction

West Fraser Timber Co. Ltd., and Norbord Inc., announced today (11/19) that they have entered into a strategic business combination pursuant to which West Fraser, a leading North American diversified wood products company will acquire all of the outstanding common shares of Norbord, the world’s largest OSB producer, in an all-stock transaction valued at approximately C$4.0 billion (US $3.1 billion).

Analysts Expect Lumber and Panel Pricing and Demand to Remain Strong for the next Several Years

Despite recent declines from record breaking high levels, forest product market experts anticipate prices for lumber and panels will remain strong throughout North America for the next several years. The demand for building products will be led by both new construction and home renovation as tight inventory and aging existing homes, along with low interest rates and untapped home equity.