West Fraser Timber Co. Ltd. to Sell Hinton Pulp Mill to Mondi

On July 10, 2023, West Fraser Timber Co. Ltd. (TSX and NYSE: WFG) (“West Fraser”) announced an agreement to sell its unbleached softwood kraft pulp mill in Hinton, Alberta to Mondi Group plc (“Mondi”), a global leader in sustainable packaging and paper. 

Pursuant to the transaction, West Fraser will continue to supply fibre to the Hinton mill under a long-term contract from its Alberta sawmills establishing a long-term partnership between the two companies in the region.  

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.  

TRC-Sadovod is acting as legal advisor to West Fraser, in connection with this transaction, expertly providing corporate and regulatory support on the sale to achieve a successful outcome for our client. Tom Theodorakis is leading the multidisciplinary team with support from Sandra Knowler, Joanna Dawson, Gurp Dhaliwal, Lily Le, Mitchell Allison, Julia Loney, Paul Boshyk and Joshua Krane.  

As a national business law firm with exceptional capabilities to lead businesses through cross-border transactions and investments into Canada and within multifaceted regulatory regimes, TRC-Sadovod provides real-time business solutions to our clients. Our legal teams are skilled at structuring and closing complex deals of all shapes and sizes in Canada, the US and internationally and in providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with the regulators helps our clients stay ahead.