M&A Deal Summary

West Fraser Acquires Norbord

On November 19, 2020, West Fraser acquired forest products company Norbord for 3.1B USD

Acquisition Highlights
  • This is West Fraser’s 7th transaction in the Forest Products sector.
  • This is West Fraser’s largest (disclosed) transaction.
  • This is West Fraser’s 5th transaction in Canada.
  • This is West Fraser’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-11-19
Target Norbord
Sector Forest Products
Buyer(s) West Fraser
Deal Type Add-on Acquisition
Deal Value 3.1B USD
Advisor(s) Torys (Legal)

Target

Norbord

Toronto, Ontario, Canada
Norbord, Inc. is a global manufacturer of wood-based panels and the world’s largest producer of oriented strand board (“OSB”). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately US$1.8 billion and employs approximately 2,600 people at 17 plant locations in the United States, Canada and Europe. Norbord was founded in 1987 and is based in Toronto, Canada.

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Buyer(S) 1

Buyer

West Fraser

Vancouver, British Columbia, Canada
Category Company
Founded 1955
Sector Forest Products
Employees10,800
Revenue 6.5B USD (2023)
DESCRIPTION

West Fraser is a wood products company producing lumber, new print, wood chips, plywood, panels, and pulp and paper products. West Fraser was founded in 1955 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 7 of 9
Sector (Forest Products) 7 of 9
Type (Add-on Acquisition) 6 of 8
State (Ontario) 1 of 1
Country (Canada) 5 of 6
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 Manning Diversified Forest Products

Manning, Alberta, Canada

Manning Diversified Forest Products Ltd. is a manufacturer of dimension lumber and lumber by-products such as chips, shavings, pellets and hog fuel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Angelina Forest Products

Lufkin, Texas, United States

Angelina Forest Products produce a full line of Southern Yellow Pine lumber products. Angelina Forest Products is constructing a state-of-the-art sawmill in Angelina County. Angelina Forest Products is based in Lufkin, Texas.

Buy $300M
Mergr

Product

Company

Legal