Millar Western closes first add-on deal since Atlas recap
Millar Western Forest Products Ltd has bought all of the shares of Spruceland Millworks Inc, an Acheson, Alberta-based maker and distributor of spruce, pine and fir wood products. No financial terms were released. Millar Western said the buy will strengthen its business by integrating the company's existing sawmill operations with Spruceland's value-adding manufacturing capabilities. Spruceland is the first acquisition disclosed by Edmonton's Millar Western since it was recapitalized last May by Atlas Holdings, a U.S. private equity firm. The deal gave Atlas a majority stake and three board seats, one of which is occupied by Managing Partner Tim Fazio.
2 January 2018•3 mins read
