Millar Western in talks to sell Boyle lumber operation
By Millar Western
December 1, 2015 - Millar Western today announced that it is in advanced discussions to sell its Boyle, Alta. lumber operation, including timber quotas, to Northland Forest Products Ltd.
The terms of a transaction are not final, and the details of a transaction will only be provided if and when the parties enter into a definitive agreement in respect of a transaction. If a definitive agreement is entered into, Millar Western currently anticipates that a transaction would be completed before year-end. Until such time, there can be no assurance that a definitive agreement will be executed or that a transaction will be completed. Moreover, the closing of any transaction would be subject to Government of Alberta approval and other customary conditions.
Caution regarding forward-looking statements
This news release contains forward-looking statements within the meaning of applicable securities law. These forward-looking statements are not based on historical facts but, rather, about future events, including current expectations regarding the potential sale of the Boyle lumber operations. Forward-looking statements are subject to risk and uncertainties and may not occur. Readers are cautioned not to place undue reliance on such forward-looking statements.
About Millar Western
Millar Western is a privately owned forest products company headquartered in Edmonton and operating dimension lumber and high yield pulp facilities in Whitecourt, Fox Creek and Boyle, Alberta.
Source: Millar Western Forest Products Ltd.