West Fraser Timber Co. to buy U.S. lumber business for US$430 million
Jul 26, 2017 | 4:37 PM
VANCOUVER — Canadian forestry company West Fraser Timber Co. says it has agreed to buy a U.S. lumber business for about US$430 million.
B.C.-based West Fraser says it will acquire the operations of the Gilman Companies from the Howard Gilman Foundation and other shareholders.
The Gilman Companies are comprised of six sawmills and a finger-joint mill in Florida and Georgia as well as an administrative office in Georgia.
The operations employ approximately 900 people and have a combined annual production capacity of 700 million board feet of lumber.