Vancouver-based West Fraser Timber and Toronto-based Norbord join forces
Shareholders of Vancouver-based West Fraser Timber and Toronto-based Norbord have voted to join forces. The move unites two of Canada's largest producers of wood products, creating a single Vancouver-based firm which keeps the West Fraser name. It now boasts 10,000 employees. Officials behind the merger say the new company, which will be owned 56% by West Fraser shareholders and 44% by Norbord investors, aims to be a "one-stop shop" for construction customers. West Fraser has 45 mills and other facilities across BC, Alberta, and the southern US, while Norbord has an oriented strand board mill...
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