West Fraser Issues Statement
West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) today issued the following statement:
“The Company is aware of recent market and media speculation. Although the Company has previously met with Kronospan, an existing shareholder, and CVC Capital Partners, the Company has not received a proposal and there are no ongoing discussions regarding the terms of any transaction. The Company is focused on executing on its business strategy to create shareholder value.”
About West Fraser
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.
Robert B. Winslow, CFA – Director Investor Relations & Corporate Development – firstname.lastname@example.org – (416) 777-4426
Source: West Fraser Timber Co. Ltd.