Millar Western sale of Boyle operations complete
December 30, 2015 - Millar Western officially sold its Boyle sawmill operations to Northland, effective Dec. 22, 2015, for $30,690,000 plus working capital.
"Since purchasing and reopening this facility in 1994, Millar Western has appreciated the strong support of our employees, families, contractors and neighbours in Boyle,” said Millar Western president and CEO Craig Armstrong. “We are pleased the operation will be transferred to a well-run, family-owned organization.”
"The Boyle operation is a good strategic fit for Northland Forest Products,” said Northland president Howard Ewashko. “We are very pleased to have this opportunity to grow our business and enhance our fibre security,"
About Millar Western Forest Products Ltd.
Millar Western is a private forest products company headquartered in Edmonton and operating a high-yield pulp mill in Whitecourt and dimension lumber mills in Whitecourt and Fox Creek, Alberta.
About Northland Forest Products Ltd.
Northland Forest Products is a private forest products company headquartered and operating a dimension lumber mill near Fort McMurray, Alberta.
Source: Millar Western Forest Products Ltd.
December 30, 2015 By Andrew Snook
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