Business Bulletins News

Acquisition of Spray Lake Sawmills completed

Spray Lake Sawmills (CNW Group/West Fraser Timber Co. Ltd.)

West Fraser Timber Co. Ltd. announced on Nov. 17 that its acquisition of Cochrane, Alta.-based Spray Lake Sawmills has been completed.

The acquisition, first announced in September, will see West Fraser increase its footprint in Alberta and expand its Canadian treated wood business. Spray Lake Sawmills produces “treated wood products, dimensional lumber and a variety of innovative wood residuals and biproducts” with an annual capacity of 155 million board feet. The company also holds two Forest Management Agreements in Alberta, with an annual allowable cut of of approximately 500,000 m3.

Spray Lake Sawmills was founded in 1943 and has offices in Cochrane and Blairmore, Alta.

“Building on our operating footprint in Alberta, we see Spray Lake Sawmills as an ideal fit with our lumber and treated wood business. We are excited to welcome the experienced and dedicated team to the West Fraser family and working with the local community,” said Ray Ferris, President & CEO West Fraser with the acquisition completion announcement.

West Fraser’s corporate headquarters are located in Vancouver, with office locations in Quesnel, B.C., Toronto and Ville St. Laurent, Que. The company also has operations in the U.S. and Scotland.