West Fraser Timber Co. announced it has reached a deal to acquire Georgia Pacific’s oriented strand board mill near Allendale, S.C. The transaction, valued at about $280 million, is expected to close after satisfying U.S. regulatory requirements.
The Allendale facility, which began producing OSB in 2007, has been idle since late 2019. It has an estimated stated capacity of 760 million square feet (3/8-inch basis). The company plans to invest an estimated $70 million to upgrade the mill.