Forestry merger approved with divestiture of saw mills and certain timber harvesting rights
On December 7, 2004, the Competition Bureau entered into a consent agreement with West Fraser Timber Co. Ltd (“West Fraser”) and Weldwood of Canada Ltd. to divert both parties’ saw mill interests in Burns Lake and Decker Lake, as well as the associated forest tenures. West Fraser also agreed to divest certain timber harvesting rights between the William Lake and 100 Mile House areas. The Competition Bureau concluded that such divestitures would remove significant barriers to competition for new and existing competitors in the market. West Fraser completed the acquisition on December 31, 2004
