Atlas Holdings Acquires Quesnel River and Slave Lake Pulp Mills from West Fraser

September 22, 2023

Atlas Holdings has agreed to acquire West Fraser’s Quesnel River Pulp mill (Quesnel, British Columbia) and Slave Lake Pulp mill (Slave Lake, Alberta) and related woodlands and timber holdings, with operations to be run by Millar Western. The deal includes a long-term fibre supply agreement for Quesnel River and combined cash proceeds of US$120 million; closing is subject to customary regulatory approvals.

Buyers
Atlas Holdings, Millar Western Forest Products
Targets
Quesnel River Pulp mill, Slave Lake Pulp mill
Sellers
West Fraser Timber Co. Ltd.
Platforms
Millar Western Forest Products
Industry
Manufacturing
Location
Canada
Transaction Type
Addon

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