West Fraser Timber Co. Ltd. is a Canadian

forestry company Logging is the process of cutting, processing, and moving trees to a location for transport. It may include skidder, skidding, on-site processing, and loading of trees or trunk (botany), logs onto logging truck, trucks or flatcar#Skeleton car, ...

that produces lumber, LVL, MDF,OSB, plywood, pulp, newsprint, and wood chips based in Vancouver B.C., Canada. West Fraser Timber Co. Ltd. is a member of the

Forest Products Association of Canada The Forest Products Association of Canada (FPAC) is a trade association which represents Canada's wood, pulp and paper producers both nationally and internationally in government, trade, and environmental affairs. Canada's forest products industry ...

. West Fraser Timber Co. Ltd. was twice recognized as one of Canada's Most Admired Corporate Cultures and five times as Canada's Top 100 Employers in 2017. Also, the company was recently named for the fourth time as one of Canada's Top 100 Employers and Canada's Best Employer for Recent Graduates for 2018.

History

West Fraser was founded by three brothers from Seattle: Pete, Bill and Sam Ketcham in 1955. The three brothers decided to do business together and purchased a small planing mill in Quesnel, British Columbia. Over the years the company grew, "West Fraser has become the largest lumber manufacturer in North America with 8,600 employees globally – about 5,000 in Western Canada – at about 50 locations." In April 2020, it was revealed that

Jim Pattison James Allen Pattison (born October 1, 1928) is a Canadian business magnate, investor, and philanthropist. He is based in Vancouver, British Columbia, where he holds the position of chief executive officer, chairman and sole owner of the Jim Pa ...

had upped his stake in West Fraser to 13.8% ownership, prompting speculation that the Canadian billionaire had plans to merge the company with

Canfor Canfor Corporation is an integrated forest products company based in Vancouver, British Columbia. History The company traces its roots to the late 1930s when brothers-in-law John G. Prentice and L.L.G. "Poldi" Bentley (surname changed from Bloch ...

, of which he owns 51%. In response, West Fraser adopted a

shareholder rights plan A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover. In the field of mergers and acquisitions, shareholder rights plans were devised in the ...

or "poison pill" in order to defend against any attempts at a

takeover In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to t ...

References

External links

West Fraser Timber
Companies listed on the New York Stock Exchange Companies listed on the Toronto Stock Exchange Pulp and paper companies of Canada Forestry in Canada {{Canada-company-stub