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West Fraser Timber Co. Ltd., Vancouver, B.C., has agreed to purchase two-year-old SYP sawmill Angelina Forest Products, Lufkin, Tx., for $300 million.
The state-of-the-art mill opened in late 2019 and has been steadily ramped up toward full production capacity of approximately 305 million bd.ft.
Anticipated to be among the lowest-cost operations in West Fraser’s lumber mill portfolio, the Lufkin site is strategically located near low-cost and abundant fibre as well as large and growing end-markets and its additional lumber production will allow the company to better serve its growing customer base in Texas and the southern U.S.
Upon completion of this transaction, West Fraser will have a combined Canadian and U.S. lumber production capacity of approximately 7 billion bd.ft., with U.S. capacity of SYP lumber representing about half.
