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 LLP (Legal)

Target

Norbord

Toronto, Ontario, Canada
website
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

website

Category Company
Founded 1955
Sector Forest Products
Employees11,000
Revenue 10.5B USD (2021)
DESCRIPTION

West Fraser is a wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products. West Fraser was founded in 1955 and is based in Vancouver, Canada.

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