Marble, columns and stairs
Nov 26, 2020

McMillan LLP is acting for West Fraser Timber Co. Ltd. in its agreement to acquire Norbord Inc. in an all-stock transaction valued at around $4 billion.

On closing, West Fraser will add 19 manufacturing facilities and approximately 2,200 employees to West Fraser’s operations. The acquisition will expand its product offerings to include OSB to become a leading diversified wood products company with operations in Canada, the United States and Europe. At the close of this transaction, it will be listed on the New York Stock Exchange and have a market capitalization of $9 billion.

McMillan LLP acted as West Fraser’s lead counsel with a team led by Tom Theodorakis and comprised of Stephen Wortley, Michael Taylor, Ravipal Bains, Joshua Sved, Paul Barbeau, Gavyn Backus, Colin Cheng, Sandra Knowler, Joanna Dawson, Gurp Dhaliwal, Ammen Bains, Pablo Tseng (M&A), Peter Botz, Ehsan Wahidie (Tax), Jill Pereira, Esther Sohn, Emily Csiszar (Financial Services), Francois Tougas, Ryan Gallagher, Joshua Krane, Bill Wu (Competition), Dianne Rideout and Carina Chiu (Employment).

McMillan’s Capital Markets, Business Law and Corporate Finance Groups help clients achieve their business objectives and reach the destination they set for themselves. Our legal teams are skilled at structuring and closing complex transactions in Canadian, U.S. and international capital markets, and providing innovative transactional advice and solutions. Our understanding of the law, and our relationships with regulatory bodies and exchanges, helps us deliver unmatched value to our clients.

For more information on the deal, West Fraser’s news release is available here.