News in timber


US to Plant More Trees to Offset Impact of Climate Change

As US officials work to counteract the increasing toll on the nation’s forests from wildfires, insects, and other signs of climate change, the Biden administration said the government will plant more than one billion trees across millions of acres of burned and dead woodland in the Western US.

West Fraser Issues Statement Regarding Recent Media Speculation About CVC Capital & Kronospan’s Interest in Acquiring the Company

Reuters reported on Tuesday (7-19-22) morning that according to a source familiar with the matter, private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest in acquiring Canadian lumber company West Fraser Timber Co.