West Fraser Timber to acquire Spray Lake Sawmills in Alberta

West Fraser Timber has entered into an agreement to acquire Spray Lake Sawmills located in Cochrane, Alberta. The transaction is anticipated to close later this year following completion of Canadian regulatory reviews and satisfaction of customary conditions. Spray Lake Sawmills produces treated wood products, dimensional lumber and a variety of wood residuals and biproducts. It has an annual lumber capacity of 155 million board feet and holds two Forest Management Agreements granted by the Government of Alberta with a total Annual Allowable Cut of approximately 500,000 m3. The value of the acquisition is C$140M.