West Fraser and Mercer Announce Dissolution of Cariboo Pulp and Paper Joint Venture

West Fraser Timber Co. Ltd. (“West Fraser”) (TSX and NYSE: WFG) and Mercer International Inc. (“Mercer”) (NASDAQ: MERC) announced today an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper. West Fraser will continue as the sole owner/operator of the mill, doing business as Cariboo Pulp and Paper Company.

Located in Quesnel, British Columbia, Cariboo Pulp and Paper has the capacity to produce up to 340,000 tonnes of high-quality Northern Bleached Softwood Kraft (NBSK) pulp annually, employing nearly 300 people.

“Cariboo Pulp is an important member of the West Fraser family of mills,” said Sean McLaren, West Fraser’s President & CEO. “This agreement better positions West Fraser to support the mill and provides ongoing certainty to our talented workforce.”
more at: https://www.westfraser.com/investors/news/news-releases/west-fraser-and-mercer-announce-dissolution-cariboo-pulp-and-paper-joint-venture

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