West Fraser Timber announced that the company has completed the sale of its Hinton Pulp mill to Mondi Group following completion of Canadian regulatory reviews and satisfaction of customary closing conditions. “We would like to thank our dedicated employees, the community of Hinton, and the Government of Alberta, for their efforts in helping close this transaction,” said Sean McLaren, President & CEO West Fraser. “The future of the Hinton Pulp mill is bright.” Hinton Pulp produces unbleached kraft pulp. West Fraser will continue to support the mill through a long-term fiber supply agreement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WFG:
- WEST FRASER ANNOUNCES CLOSURE OF HINTON PULP SALE
- West Fraser Timber to permanently close sawmill in Fraser Lake
- West Fraser Timber initiated with an Outperform at Scotiabank
- West Fraser Timber price target raised to C$142 from C$119 at CIBC
- West Fraser Timber to close sawmill in Maxville, expects $50M in charges