West Fraser to Sell Two Pulp Mills in Western Canada to Atlas Holdings

West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX andNYSE: WFG) and Atlas Holdings (“Atlas”) today announced the signing of a definitive agreement for the sale of West Fraser’s Quesnel River Pulp mill in Quesnel, British Columbia and its Slave Lake Pulp mill in Slave Lake, Alberta to Atlas. Atlas owns and operates several pulp, paper and wood products businesses in Canada and the United States.

Millar Western logoThe agreement announced today includes related woodlands operations and timber holdings in Alberta and a long-term fibre supply agreement for the Quesnel River Pulp facility.

Upon closing of the transaction, the Quesnel River and Slave Lake pulp mills will be operated by Millar Western Forest Products (“Millar Western”), which joined the global Atlas family of manufacturing and distribution businesses in 2017. Millar Western is a more than 100-year-old Canadian forest products company headquartered in Edmonton with existing pulp mill operations in Alberta, establishing a strong foundation and a bright future for the Quesnel River and Slave Lake pulp mills.
more at: https://www.atlasholdingsllc.com/news/west-fraser-to-sell-two-pulp-mills-in-western-canada-to-atlas-holdings/

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