VANCOUVER, BC, Dec. 1, 2021 /PRNewswire/ - West Fraser Timber
Co. Ltd. ("West Fraser" or the "Company") (TSX and
NYSE: WFG) announced today that further to its news release of
October 12, 2021, the U.S. regulatory
review has been completed and the other closing conditions have
been satisfied. As such, the Company is proceeding to close
the acquisition of the Angelina Forest Products lumber mill located
in Lufkin, Texas today.
The Company
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.
Forward-Looking Statements
This news release contains forward-looking information or
forward-looking statements (collectively, "forward-looking
statements") within the meaning of applicable securities laws,
including the timing to complete the acquisition of the Angelina
Forest Products lumber mill. Any such forward-looking
statements are based on information currently available to us and
are based on assumptions and analyses made by us in light of our
experience and our perception of historical trends and current
conditions. Readers should also refer to the risk factors set
forth in the Company's annual information form and management's
discussion and analysis for the year ended December 31, 2020, each dated February 11, 2021, available at SEDAR
(www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml). There
can be no assurance that the plans, intentions or expectations upon
which forward-looking statements are based will be realized.
Actual results may differ, and the difference may be material
and adverse to the Company and its shareholders.
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SOURCE West Fraser Timber Co. Ltd.