West Fraser to acquire Spray Lake Sawmills

West Fraser Timber Co. Ltd. plans to acquire Spray Lake Sawmills located in Cochrane, AB.

Spray Lake Sawmills produces treated wood products, dimensional lumber, and a variety of wood residuals and biproducts. It has an annual lumber 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.

The $140 million 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.

The transaction is anticipated to close later this year following completion of Canadian regulatory reviews and satisfaction of customary conditions.