EDMONTON, Dec. 1, 2015 /CNW/ - Millar Western today announced that it is in advanced discussions to sell its Boyle lumber operation, including timber quotas, to Northland Forest Products Ltd. The terms of a transaction are not final, and the details of a transaction will only be provided if and when the parties enter into a definitive agreement in respect of a transaction. If a definitive agreement is entered into, Millar Western currently anticipates that a transaction would be completed before year-end. Until such time, there can be no assurance that a definitive agreement will be executed or that a transaction will be completed. Moreover, the closing of any transaction would be subject to Government of Alberta approval and other customary conditions.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities law. These forward-looking statements are not based on historical facts but, rather, about future events, including current expectations regarding the potential sale of the Boyle lumber operations. Forward-looking statements are subject to risk and uncertainties and may not occur. Readers are cautioned not to place undue reliance on such forward-looking statements.
About Millar Western:
Millar Western is a privatelyowned forest products company headquartered in Edmonton and operating dimension lumber and highyield pulp facilities in Whitecourt, Fox Creek and Boyle, Alberta.
SOURCE Millar Western Forest Products Ltd.
For further information: Louise Riopel, Communications Manager, 780-486-8270, [email protected]