Millar Western Forest Products Ltd. recently announced that it is continuing to execute its growth strategy through the acquisition of Spruceland Millworks Inc., a value-added manufacturer and international distributor of high quality wood products.
Millar Western has acquired all shares of the company, its manufacturing operations in Acheson, Alberta, United States (U.S.), and its woodlands assets. The transaction brings together two companies that have enjoyed a productive business relationship for decades.
“For the past 35 years, Spruceland Millworks has been a leader in Alberta’s value-added wood products sector, developing new products and building new markets in Canada, the U.S., and overseas,” Craig Armstrong, President and CEO of Millar Western, said. “Through most of those years, Millar Western has been Spruceland’s largest supplier of raw material. We look forward to working in even closer partnership with Spruceland leadership to continue the advancement of this dynamic business.”
This transaction will strengthen Millar Western by integrating the company’s existing sawmill operations with Spruceland’s manufacturing capabilities. Operating as a division of Millar Western, Spruceland will continue to work under its existing, proven management team and highly-regarded brand.
“Alberta forest companies have a reputation as progressive, responsible and innovative,” Tim Fazio, Managing Partner and Co-Founder of Atlas Holdings, which entered into partnership with Millar Western the majority shareholder, said. “We are excited about the prospects for growth and expansion within the province’s forest sector, led by proven companies like Millar Western and Spruceland.”
Ben Sawatzky, Spruceland Millworks CEO, commented that the two companies share a family-business background and a common approach to management.
“With their long history in Alberta, strong core values, proven ability in sustainable forest management, commitment to the value-added sector and reputation as a good employer, Millar Western is ideally suited to assist Spruceland in its next phase of growth,” Sawatzky stated. “I am especially pleased that this strategic alliance will ensure a strong future for Spruceland’s dedicated staff and security of supply for our valued customers.”