West Fraser to Acquire Spray Lake Sawmills Located in Cochrane, Alberta

West Fraser Timber Co. Ltd. announced on Wednesday (9-6-23) that it has entered into an agreement to acquire Spray Lake Sawmills located in Cochrane, Alberta, subject to certain post-closing adjustments. The transaction is anticipated to close later this year following completion of Canadian regulatory reviews and satisfaction of customary conditions.

Spray Lake Sawmills produces treated wood products, dimensional lumber, and a variety of innovative wood residuals and byproducts. It has an annual capacity of 155 million board feet and holds two Forest Management Agreements granted by the Government of Alberta with a total Annual Allowable Cut of approximately 500,000 m³.

According to the press release, the $140 million (CAD) acquisition enables West Fraser to grow its footprint in Southern Alberta and expand its Canadian treated wood business, while providing access to a high-quality timber supply.