TMCnet News
West Fraser ("WFT") Acquires Travis Lumber Company's Sawmill Operations(Marketwire Via Acquire Media NewsEdge) VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/07/14 -- West Fraser (TSX: WFT) announced today that it has acquired Travis Lumber Company's sawmill and lumber manufacturing operations based in Mansfield, Arkansas. Travis Lumber has operated at the site since 1988 and the mill produced more than 100 million board feet of lumber in 2013. West Fraser plans to invest additional capital in the mill to expand annual production capacity to approximately 150 million board feet. "We are delighted with this growth opportunity in the U.S. South and we welcome our new employees to the West Fraser organization," said Ted Seraphim, West Fraser's President and CEO. West Fraser currently owns and operates two sawmills in Arkansas as well as sawmills in neighbouring Texas and Louisiana. West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States. This news release contains certain forward-looking statements about potential future developments or events, in particular those relating to plans to invest additional capital. These are presented to provide reasonable guidance to the reader. Their accuracy and the actual outcomes or results of such developments or events will depend on and are subject to a number of assumptions, risks and uncertainties and other factors that could affect the ability of West Fraser to achieve such outcomes or results or execute its business plans, including those matters described in West Fraser's 2013 Annual Management's Discussion and Analysis under "Risks and Uncertainties" and may differ materially from those anticipated or projected. Accordingly, readers should exercise caution in relying upon forward-looking statements and West Fraser undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by applicable securities laws. West Fraser shares trade on the Toronto Stock Exchange under the symbol: "WFT". Contacts: West Fraser Timber Co. Ltd. Larry Hughes Vice-President, Finance, Chief Financial Officer and Secreta (604) 895-2700 West Fraser Timber Co. Ltd. Rodger Hutchinson Vice-President, Corporate Controller (604) 895-2700 www.westfraser.com Source: West Fraser Timber Co. Ltd. |