West Fraser Completed Sale of Pulp Mills to Atlas Holdings

SEATTLE (Scrap Monster): Vancouver, B.C-based West Fraser Timber Co. Ltd. announced that it has completed the sale of its Quesnel River Pulp mill and Slave Lake Pulp mill. The strategic assets were purchased by an affiliate of a fund managed by Atlas Holdings. The sale transaction is subject to customary regulatory reviews and closing conditions.

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According to company press release, both the Quesnel River Pulp mill and Slave Lake Pulp mills will be now operated by Millar Western Forest Products, which has been part of Atlas’ global manufacturing and distribution business since 2017. It must be noted that both the mills produce Bleached Chemi-Thermomechanical pulp (BCTMP), which in turn are used in the manufacture of paper products.

Sean McLaren, President & CEO West Fraser thanked its dedicated employees for their several years of service to the company. He also extended thanks to the communities of Quesnel and Slave Lake. The sale of the pulp assets will help West Fraser focus on its strategic plans to become North America’s premier building products company, McLaren added.

Earlier in February this year, West Fraser had sold its Hinton pulp mill to Mondi Group plc.