Home News Industry News Pattison's increased lumber portfolio prompts speculation of Canfor, West Fraser Timber merger

Pattison's increased lumber portfolio prompts speculation of Canfor, West Fraser Timber merger

Recent activity at West Fraser Timber Co. Ltd. has revealed that British Columbian billionaire Jim Pattison owns a significant minority stake in the company, prompting speculations of a merger with rival Canfor Corp., according to an analyst.

Pattison owns 10 per cent of West Fraser, North America's No. 1 lumber producer, said Paul Quinn, a paper and forest-products industry analyst at RBC Capital Markets, and already owns a majority stake in Canfor, North America's No. 2 lumber producer.

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Source: Vancouver Sun

 
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