West Fraser Timber will acquire the operations of the Gilman Companies from the Howard Gilman Foundation and other shareholders for approximately US$430 million. The Gilman Companies are comprised of six sawmills and a finger‑joint mill in Florida and Georgia, as well as an administrative office in St. Marys, Georgia.
The acquisition is a further step in West Fraser’s continuing expansion of its US lumber operations. Upon completion of this transaction, West Fraser will have combined Canadian and U.S. lumber production capacity of 7.2 billion board feet. Canadian capacity of spruce/pine/fir (SPF) lumber will represent 57 per cent of the company’s capacity and US capacity of southern yellow pine (SYP) lumber will represent 43 per cent. read more >>