With regulatory approval granted West Fraser Timber Co. Ltd. Vancouver, British Columbia (B.C.), Canada, for its US$430 million acquisition of Gilman Building Products, LLC, located in St. Mary’s, Georgia, United States (U.S.), the transaction, subject to other customary conditions, is expected to be completed by the end of the quarter.
The U.S. Federal Trade Commission granted early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to West Fraser’s proposed takeover of six sawmills and a finger-joint mill from the Howard Mill Foundation and other shareholders.
This ends the antitrust review of the proposed transaction by the FTC and the U.S. Department of Justice, as required under the Hart-Scott-Rodino Antitrust Improvements Act.
