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A West Fraser Timber mill, in Quesnel, B.C., on April 21, 2009.JONATHAN HAYWARD/The Canadian Press

West Fraser Timber Co. Ltd. has signed a deal to buy Georgia Pacific’s oriented strand board mill near Allendale, S.C., for US$280-million.

The company says the mill will give it the flexibility to better meet customer demand, particularly in the southeastern U.S.

The mill, which began producing OSB in 2007, has been idle since late 2019.

It has an estimated stated capacity of approximately 760 million square feet.

West Fraser says it plans to spend an estimated US$70-million to upgrade and optimize the mill in preparation for its restart.

The mill is expected to employ approximately 135 people.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 21/11/24 2:35pm EST.

SymbolName% changeLast
WFG-T
West Fraser Timber CO Ltd
+2.02%133.31
WFG-N
West Fraser Timber L
+2.17%95.45

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