West Fraser to take over Norbord in all-stock deal

VANCOUVER & TORONTO — West Fraser Timber Co. is acquiring all outstanding common shares of Norbord Inc., reportedly the world’s largest OSB producer. The all-stock transaction is valued at approximately $4 billion. Following closing, the combined company will operate as West Fraser. The company will continue to be led by West Fraser President and CEO Raymond Ferris, and CFO Chris Virostek. Following closing, Peter Wijnbergen, president and CEO of Norbord, will be appointed president, engineered wood.