West Fraser continues to grow its lumber business in the U.S. South and in western Canada. The company announced that it has entered into an agreement to acquire the Bibler Brothers Lumber sawmill and lumber manufacturing operations located in Russellville, Arkansas.
The company also announced the successful completion of the acquisition of Buchanan Lumber sawmill located in High Prairie, Alberta from Gordon Buchanan Enterprises Ltd.
The Alberta-based Buchanan Lumber sawmill has an annual capacity of approximately 110 million board feet of lumber (259,000 cbm). West Fraser plans to invest additional capital in the mill to expand the annual production capacity to approximately 175 million board feet (413,000 cbm). The acquisition includes timber rights having an annual allowable harvest of approximately 430,000 cubic metres of coniferous timber and 21,000 cubic metres of deciduous timber.
The Arkansas-based Bibler Brothers Lumber sawmill produced approximately 136 million board feet of lumber in 2013 (321,000 cbm) and in excess of 160 million board feet (377,000) in 2005. Russellville is located in western Arkansas and is approximately 80 miles from West Fraser's recently-acquired sawmill in Mansfield, Arkansas. Completion of the Bibler Brothers Lumber acquisition is subject to satisfaction of certain conditions which are expected to be satisfied before the end of April.
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