West Fraser Timber Co. Ltd and Norbord Inc., today (2-1-21) jointly announced that they have successfully completed the previously announced transaction, whereby West Fraser has acquired all of the issued and outstanding common shares of Norbord. Under the terms of the Transaction, holders of Norbord Shares received 0.675 of a common share of West Fraser for each Norbord Share held. In commenting upon the completion of the transaction Raymond Ferris, President and Chief Executive Officer of West Fraser said, “Today marks a new era for all West Fraser employees and shareholders with the completion of the Norbord transaction. The combination of two top-caliber employee teams manufacturing sustainable products that are essential for a low-carbon economy positions West Fraser well going forward.”
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WEST FRASER COMPLETES ACQUISITION OF NORBORD