West Fraser Granted Regulatory Approval for Gilman Acquisition
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West Fraser Timber Co., Vancouver, B.C., Canada, this week announced that, further to its news release of July 26, 2017, the U.S. Federal Trade Commission (FTC) has granted early termination of the applicable waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976, with respect to West Fraser's proposed acquisition of six sawmills and a finger joint mill from the Howard Gilman Foundation and other shareholders.
This ends antitrust review of the proposed transaction by the FTC and the United States Department of Justice, as required under the HSR Act. The transaction, which is subject to other customary conditions, is expected to close before quarter end.
West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips, and energy with facilities in western Canada and the southern U.S.
