Posts Tagged ‘merger’

West Fraser completes purchase of Gilman mills

September 5, 2017

VANCOUVER – West Fraser Timber Co. has completed the acquisition of six sawmills and a finger‑joint mill from the Howard Gilman Foundation and other shareholders. The acquisition was announced in July, with an expected purchase price of about US$430 million. The Gilman mills are located in Florida and Georgia. The acquisition is

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Louisiana-Pacific buys developer of fire-resistant wood panels

August 1, 2017

VANCOUVER, BC – Wood products manufacturer Louisiana-Pacific will acquire International Barrier Technology Inc. for $22 million, making the British Columbia company a wholly-owned subsidiary of LP. “We are confident that this acquisition will help accelerate our growth into new markets,” LP CEO Brad Southern said. Barrier manufactures the fire retardant coating

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West Fraser acquires seven U.S. mills

July 27, 2017

VANCOUVER – West Fraser Timber will acquire the operations of the Gilman Companies from the Howard Gilman Foundation and other shareholders for approximately US$430 million. The Gilman Companies are comprised of six sawmills and a finger‑joint mill in Florida and Georgia, as well as an administrative office in St. Marys, Georgia. The acquisition is a further step in

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Rayonier raises bid for Tembec, wins support

July 25, 2017

MONTREAL — Rayonier Advanced Materials has raised its takeover offer for Tembec after two of the Canadian forest products company’s shareholders had threatened to vote against the deal. Oaktree Capital Management and Restructuring Capital Associates, who together represent approximately 37 per cent of Tembec’s outstanding shares, have agreed to vote in

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