West Fraser Timber Enters Agreement To Acquire Spray Lake Sawmills Located In Cochrane, Alberta For C$140M
Portfolio Pulse from Benzinga Newsdesk
West Fraser Timber has entered into an agreement to acquire Spray Lake Sawmills for C$140 million. The acquisition will allow West Fraser to expand its footprint in Southern Alberta and its Canadian treated wood business, and provide access to a high-quality timber supply. The transaction is expected to close later this year.
September 06, 2023 | 10:02 pm
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West Fraser Timber's acquisition of Spray Lake Sawmills for C$140 million will expand its business in Southern Alberta and provide access to high-quality timber. The deal is expected to close later this year.
The acquisition of Spray Lake Sawmills will allow West Fraser Timber to expand its footprint in Southern Alberta and its Canadian treated wood business. This could potentially increase its market share and revenues, which could have a positive impact on its stock price.
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