West Fraser Completes the Sale of Its Quesnel River Pulp and Slave Lake Pulp Mills to Atlas Holdings

On Monday, West Fraser Timber Co. Ltd. announced that it has completed the sale of its Quesnel River Pulp mill in BC and its Slave Lake Pulp mill in Alberta to an affiliate of a fund managed by Atlas Holdings following completion of customary regulatory reviews and satisfaction of customary closing conditions.

Both facilities produce Bleached Chemi-Thermomechanical pulp (“BCTMP”) used to make paper products. The mills will be operated by Milar Western Forest Products, which joined the global Atlas Holdings family of manufacturing and distribution businesses in 2017, according to the press release.

In a statement accompanying the announcement, West Fraser Timber President and CEO Sean McLauren said:

“We would like to thank our dedicated employees for their many years of service to West Fraser and the communities of Quesnel and Slave Lake. The sale of these two pulp assets, along with the disposition of Hinton Pulp earlier this year, enables West Fraser to focus its resources on becoming the premier building products company in North America.”